Numerai GP LLC Reduces Stock Position in Jabil Inc. (NYSE:JBL)

Numerai GP LLC reduced its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 60.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,635 shares of the technology company's stock after selling 21,996 shares during the quarter. Numerai GP LLC's holdings in Jabil were worth $2,106,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in shares of Jabil by 70,781.4% in the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after acquiring an additional 5,800,535 shares in the last quarter. FMR LLC grew its holdings in shares of Jabil by 8.1% during the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after buying an additional 416,841 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Jabil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company's stock worth $404,024,000 after buying an additional 34,574 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Jabil by 18.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock worth $270,187,000 after buying an additional 288,806 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Jabil during the fourth quarter worth about $218,430,000. 93.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on JBL shares. Barclays increased their price objective on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. UBS Group increased their price objective on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. decreased their price objective on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group decreased their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.50.

Jabil Price Performance

JBL stock traded up $1.35 during midday trading on Friday, reaching $167.88. 828,016 shares of the stock were exchanged, compared to its average volume of 1,442,965. The stock has a market capitalization of $18.02 billion, a PE ratio of 16.10, a P/E/G ratio of 1.65 and a beta of 1.11. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company has a fifty day moving average price of $141.38 and a 200 day moving average price of $145.18.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. As a group, analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio is 7.66%.

Insider Activity

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the sale, the chief executive officer now directly owns 221,693 shares of the company's stock, valued at approximately $37,665,640.70. The trade was a 4.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the transaction, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is owned by company insiders.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).