Paradiem LLC Sells 16,675 Shares of Jabil Inc. (NYSE:JBL)

Paradiem LLC reduced its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 37.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 27,792 shares of the technology company's stock after selling 16,675 shares during the period. Paradiem LLC's holdings in Jabil were worth $3,541,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alaska Permanent Fund Corp bought a new stake in Jabil during the 4th quarter worth approximately $29,000. CVA Family Office LLC bought a new position in shares of Jabil in the fourth quarter valued at approximately $36,000. Valley National Advisers Inc. bought a new position in shares of Jabil in the fourth quarter valued at approximately $36,000. Hanseatic Management Services Inc. bought a new position in shares of Jabil in the third quarter valued at approximately $48,000. Finally, Ceredex Value Advisors LLC bought a new position in shares of Jabil in the third quarter valued at approximately $51,000. 93.39% of the stock is owned by institutional investors.

Jabil Stock Performance

Jabil stock traded down $0.21 during trading on Friday, hitting $118.27. The stock had a trading volume of 1,940,101 shares, compared to its average volume of 1,202,460. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. The stock's 50 day moving average is $135.97 and its two-hundred day moving average is $130.67. Jabil Inc. has a 1 year low of $75.48 and a 1 year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.01). The company had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. As a group, analysts predict that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Dividend Announcement

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

Insiders Place Their Bets

In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the sale, the chief executive officer now owns 339,725 shares in the company, valued at $45,591,095. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director David M. Stout sold 31,300 shares of the 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 sale, the director now owns 67,300 shares in the company, valued at $8,285,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the sale, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The disclosure for this sale can be found here. Insiders have sold a total of 107,177 shares of company stock worth $13,678,039 over the last 90 days. Corporate insiders own 2.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JBL. The Goldman Sachs Group upped their target price on Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a report on Monday, March 4th. StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a report on Tuesday, April 23rd. Barclays reduced their target price on Jabil from $151.00 to $149.00 and set an "overweight" rating for the company in a report on Monday, March 18th. Finally, Argus downgraded Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Jabil presently has an average rating of "Buy" and an average price target of $144.50.

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).