Cookson Peirce & Co. Inc. Reduces Stake in Jabil Inc. (NYSE:JBL)

Cookson Peirce & Co. Inc. trimmed its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,140 shares of the technology company's stock after selling 6,063 shares during the period. Jabil comprises 1.3% of Cookson Peirce & Co. Inc.'s investment portfolio, making the stock its 28th biggest holding. Cookson Peirce & Co. Inc. owned approximately 0.13% of Jabil worth $20,911,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of JBL. Amundi lifted its stake in shares of Jabil by 419.8% during the fourth quarter. Amundi now owns 421 shares of the technology company's stock worth $32,000 after purchasing an additional 340 shares in the last quarter. CVA Family Office LLC bought a new position in Jabil in the 4th quarter worth approximately $36,000. Valley National Advisers Inc. bought a new position in Jabil during the 4th quarter valued at $36,000. Zions Bancorporation N.A. acquired a new stake in shares of Jabil during the 1st quarter valued at $40,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Jabil during the 2nd quarter valued at $41,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jabil

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

Jabil Stock Performance

Shares of NYSE JBL traded down $0.67 during midday trading on Tuesday, hitting $131.99. The company's stock had a trading volume of 802,532 shares, compared to its average volume of 1,335,779. The stock has a fifty day moving average price of $138.61 and a 200 day moving average price of $131.22. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.43 and a beta of 1.40. Jabil Inc. has a one year low of $75.48 and a one year high of $156.94. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. On average, research analysts forecast that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on JBL. Argus lowered Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. Barclays cut their target price on shares of Jabil from $151.00 to $149.00 and set an "overweight" rating for the company in a research note on Monday, March 18th. The Goldman Sachs Group boosted their price objective on shares of Jabil from $141.00 to $161.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Finally, StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Jabil currently has an average rating of "Moderate Buy" and an average target price of $144.50.

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).