Jabil Inc. (NYSE:JBL) Shares Sold by South Dakota Investment Council

South Dakota Investment Council lowered its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,917 shares of the technology company's stock after selling 19,000 shares during the quarter. South Dakota Investment Council's holdings in Jabil were worth $6,996,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. CVA Family Office LLC purchased a new stake in Jabil during the 4th quarter worth about $36,000. Valley National Advisers Inc. purchased a new stake in Jabil in the 4th quarter worth approximately $36,000. Hanseatic Management Services Inc. purchased a new stake in Jabil in the 3rd quarter worth approximately $48,000. Ceredex Value Advisors LLC purchased a new position in shares of Jabil in the 3rd quarter valued at approximately $51,000. Finally, Allworth Financial LP lifted its stake in shares of Jabil by 745.8% in the 4th quarter. Allworth Financial LP now owns 406 shares of the technology company's stock valued at $52,000 after purchasing an additional 358 shares during the period. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In related news, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total value of $406,860.00. Following the completion of the sale, the executive vice president now owns 65,434 shares of the company's stock, valued at $8,874,159.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director David M. Stout sold 31,300 shares of Jabil stock in a transaction 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 completion of the sale, the director now 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 accessible through this hyperlink. Also, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total value of $406,860.00. Following the completion of the sale, the executive vice president now directly owns 65,434 shares of the company's stock, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. Insiders sold 107,177 shares of company stock valued at $13,678,039 over the last 90 days. Company insiders own 2.62% of the company's stock.

Jabil Stock Down 0.5 %

Shares of Jabil stock traded down $0.65 on Wednesday, reaching $120.24. The company's stock had a trading volume of 1,357,560 shares, compared to its average volume of 1,359,463. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 1.27 and a beta of 1.40. The firm's fifty day simple moving average is $136.83 and its two-hundred day simple moving average is $130.95. Jabil Inc. has a 52 week low of $75.48 and a 52 week high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBL - Get Free Report) last posted its 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). The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Equities analysts anticipate that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil's payout ratio is currently 2.75%.

Analysts Set New Price Targets

JBL has been the subject of a number of recent research reports. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Tuesday. The Goldman Sachs Group lifted their price objective on Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a research note on Monday, March 4th. Argus cut Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. Finally, Barclays lowered their price objective on Jabil from $151.00 to $149.00 and set an "overweight" rating for the company in a research note on Monday, March 18th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $144.50.

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).