Jabil Inc. (NYSE:JBL) Shares Sold by Smith Graham & Co. Investment Advisors LP

Smith Graham & Co. Investment Advisors LP trimmed its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,925 shares of the technology company's stock after selling 14,625 shares during the quarter. Smith Graham & Co. Investment Advisors LP's holdings in Jabil were worth $7,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Jabil by 71.2% in the 1st quarter. JPMorgan Chase & Co. now owns 6,232,495 shares of the technology company's stock worth $549,457,000 after purchasing an additional 2,591,893 shares during the period. Norges Bank bought a new position in Jabil in the 4th quarter worth $102,656,000. FMR LLC raised its holdings in Jabil by 15.9% in the 3rd quarter. FMR LLC now owns 10,525,084 shares of the technology company's stock worth $1,335,528,000 after purchasing an additional 1,440,857 shares during the period. Invesco Ltd. raised its holdings in Jabil by 230.6% in the 1st quarter. Invesco Ltd. now owns 1,863,230 shares of the technology company's stock worth $115,018,000 after purchasing an additional 1,299,593 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Jabil by 1,610.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,198,451 shares of the technology company's stock worth $6,215,000 after buying an additional 1,128,393 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on Jabil from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, December 15th. Argus lowered Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th. StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, March 26th. The Goldman Sachs Group raised their price objective on Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Finally, Barclays cut their price objective on Jabil from $151.00 to $149.00 and set an "overweight" rating for the company in a research report on Monday, March 18th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Jabil currently has an average rating of "Moderate Buy" and a consensus target price of $144.50.

Insiders Place Their Bets

In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the transaction, the senior vice president now directly owns 29,006 shares of the company's stock, valued at $4,050,687.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director David M. Stout sold 31,300 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the sale, the director now directly owns 67,300 shares of the company's stock, valued at $8,285,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP May Yee Yap sold 7,877 shares of the business's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the sale, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,177 shares of company stock valued at $11,665,039. 2.62% of the stock is currently owned by insiders.

Jabil Stock Down 2.8 %

JBL stock traded down $3.91 during trading on Friday, hitting $134.11. 1,011,449 shares of the company's stock traded hands, compared to its average volume of 1,350,822. The firm has a market capitalization of $16.17 billion, a P/E ratio of 11.51, a PEG ratio of 1.45 and a beta of 1.40. The business has a fifty day simple moving average of $138.51 and a two-hundred day simple moving average of $130.77. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 1 year low of $75.48 and a 1 year high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.01). The business had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Sell-side analysts anticipate that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Thursday, February 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Wednesday, February 14th. Jabil's dividend payout ratio is currently 2.75%.

About Jabil

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).