Russell Investments Group Ltd. Sells 8,708 Shares of Jabil Inc. (NYSE:JBL)

Russell Investments Group Ltd. reduced its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,581 shares of the technology company's stock after selling 8,708 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Jabil worth $14,088,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Jabil during the 3rd quarter worth $63,000. Lecap Asset Management Ltd. purchased a new stake in Jabil during the fourth quarter worth about $1,146,000. D.A. Davidson & CO. boosted its holdings in Jabil by 15.3% during the third quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company's stock worth $3,719,000 after buying an additional 3,887 shares in the last quarter. Deutsche Bank AG increased its holdings in Jabil by 87.1% in the third quarter. Deutsche Bank AG now owns 185,371 shares of the technology company's stock valued at $23,522,000 after buying an additional 86,285 shares in the last quarter. Finally, Cozad Asset Management Inc. lifted its position in shares of Jabil by 21.4% during the 3rd quarter. Cozad Asset Management Inc. now owns 90,828 shares of the technology company's stock valued at $11,525,000 after acquiring an additional 16,038 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JBL has been the subject of several research analyst reports. The Goldman Sachs Group raised 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 downgraded Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. Barclays decreased their price objective on shares of Jabil from $151.00 to $149.00 and set an "overweight" rating on the stock in a research report on Monday, March 18th. Finally, StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Tuesday, April 23rd. One equities research 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $144.50.

Jabil Price Performance

JBL stock traded up $1.96 during trading on Friday, hitting $117.22. The stock had a trading volume of 1,104,012 shares, compared to its average volume of 1,379,948. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.23 and a beta of 1.42. The company's 50 day moving average price is $133.80 and its two-hundred day moving average price is $130.05. 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 posted its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share 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 analyst estimates of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. On average, sell-side analysts forecast that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil's dividend payout ratio is currently 2.75%.

Insider Activity at Jabil

In related news, SVP May Yee Yap sold 7,877 shares of the business's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP May Yee Yap sold 7,877 shares of Jabil 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 transaction, the senior vice president now owns 29,006 shares in the company, valued at $4,050,687.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark T. Mondello sold 50,000 shares of the company's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the sale, the chairman now owns 1,809,194 shares of the company's stock, valued at $228,121,271.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,877 shares of company stock worth $9,824,383. 2.62% of the stock is currently owned by insiders.

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).