Yousif Capital Management LLC Sells 44,892 Shares of Jabil Inc. (NYSE:JBL)

Yousif Capital Management LLC trimmed its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 71.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,235 shares of the technology company's stock after selling 44,892 shares during the quarter. Yousif Capital Management LLC's holdings in Jabil were worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. HB Wealth Management LLC increased its position in shares of Jabil by 3.9% during the fourth quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company's stock valued at $278,000 after buying an additional 82 shares during the period. Signaturefd LLC increased its position in shares of Jabil by 1.3% in the third quarter. Signaturefd LLC now owns 6,761 shares of the technology company's stock worth $858,000 after purchasing an additional 86 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Jabil by 0.9% in the fourth quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company's stock worth $1,307,000 after purchasing an additional 90 shares during the last quarter. Fifth Third Bancorp boosted its stake in Jabil by 3.2% in the third quarter. Fifth Third Bancorp now owns 3,836 shares of the technology company's stock worth $487,000 after buying an additional 120 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its stake in Jabil by 3.6% in the third quarter. Convergence Investment Partners LLC now owns 4,032 shares of the technology company's stock worth $512,000 after buying an additional 141 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the 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 owns 29,006 shares in the company, valued at $4,050,687.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Kenneth S. Wilson sold 15,000 shares of the firm's 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 completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at $45,591,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP May Yee Yap sold 7,877 shares of the firm's 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 owns 29,006 shares of the company's stock, valued at $4,050,687.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,877 shares of company stock worth $9,824,383. 2.62% of the stock is owned by corporate insiders.

Jabil Trading Down 2.5 %

Shares of Jabil stock traded down $2.98 during midday trading on Wednesday, reaching $114.38. 1,663,940 shares of the company's stock traded hands, compared to its average volume of 1,381,739. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The company has a market cap of $13.79 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.40. The stock has a 50 day moving average of $135.20 and a 200-day moving average of $130.41. Jabil Inc. has a 12 month low of $75.48 and a 12 month high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.55 by ($0.01). The firm 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%. As a group, equities analysts expect that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Jabil's dividend payout ratio (DPR) is 2.75%.

Analyst Ratings Changes

JBL has been the subject of several research reports. Argus lowered 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 Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a research note on Monday, March 4th. Barclays dropped 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. Finally, StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target 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).