Jabil Inc. (NYSE:JBL) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in Jabil Inc. (NYSE:JBL - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 294,548 shares of the technology company's stock after selling 55,800 shares during the quarter. Handelsbanken Fonder AB owned about 0.23% of Jabil worth $37,525,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JBL. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Jabil by 19.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,114 shares of the technology company's stock worth $1,543,000 after acquiring an additional 1,957 shares during the last quarter. abrdn plc boosted its stake in shares of Jabil by 580.8% during the 4th quarter. abrdn plc now owns 11,145 shares of the technology company's stock worth $1,420,000 after buying an additional 9,508 shares during the last quarter. Hunter Associates Investment Management LLC grew its holdings in shares of Jabil by 7.5% in the 4th quarter. Hunter Associates Investment Management LLC now owns 10,290 shares of the technology company's stock valued at $1,314,000 after acquiring an additional 721 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Jabil by 0.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 44,748 shares of the technology company's stock valued at $5,701,000 after acquiring an additional 198 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Jabil by 38.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 11,728 shares of the technology company's stock valued at $1,494,000 after acquiring an additional 3,228 shares during the last quarter. Institutional investors own 93.39% of the company's stock.

Jabil Price Performance

Shares of JBL traded up $0.50 during mid-day trading on Monday, reaching $119.25. The company had a trading volume of 2,033,002 shares, compared to its average volume of 1,352,522. The company's 50 day simple moving average is $137.60 and its 200 day simple moving average is $131.09. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 1.26 and a beta of 1.40. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17.

Jabil (NYSE:JBL - Get Free Report) last released 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). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Analysts expect that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Jabil's dividend payout ratio (DPR) is currently 2.75%.

Analysts Set New Price Targets

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

Insider Activity

In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares of the company's stock, valued at $45,591,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Kenneth S. Wilson sold 15,000 shares of the firm's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares of the company's stock, valued at $45,591,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the business's stock in a transaction 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 directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. Insiders have sold 107,177 shares of company stock valued at $13,678,039 in the last ninety days. 2.62% of the stock is owned by company insiders.

Jabil 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).