Los Angeles Capital Management LLC Sells 60,796 Shares of Jabil Inc. (NYSE:JBL)

Los Angeles Capital Management LLC lessened its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 86.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,175 shares of the technology company's stock after selling 60,796 shares during the quarter. Los Angeles Capital Management LLC's holdings in Jabil were worth $1,169,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of JBL. HB Wealth Management LLC boosted its holdings in Jabil by 3.9% in the 4th quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company's stock worth $278,000 after buying an additional 82 shares during the period. Signaturefd LLC boosted its holdings 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 acquiring an additional 86 shares during the period. Mackenzie Financial Corp grew 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 valued at $1,307,000 after purchasing an additional 90 shares in the last quarter. Field & Main Bank raised its stake in shares of Jabil by 5.6% during the 4th quarter. Field & Main Bank now owns 1,875 shares of the technology company's stock valued at $239,000 after purchasing an additional 100 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Jabil by 3.2% during the 3rd quarter. Fifth Third Bancorp now owns 3,836 shares of the technology company's stock worth $487,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insiders Place Their Bets

In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the business's stock in a transaction on 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 approximately $45,591,095. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the completion of the transaction, the chairman now owns 1,809,194 shares of the company's stock, valued at $228,121,271.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kenneth S. Wilson sold 15,000 shares of the business's stock in a transaction on 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 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. Over the last ninety days, insiders have sold 75,877 shares of company stock valued at $9,824,383. 2.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on JBL shares. 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. Argus lowered shares of Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. The Goldman Sachs Group raised their price target on shares of Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a report on Monday, March 4th. Finally, StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $144.50.

Jabil Price Performance

Shares of Jabil stock traded up $0.42 on Thursday, hitting $117.95. 1,230,243 shares of the company traded hands, compared to its average volume of 1,368,119. Jabil Inc. has a 12-month low of $77.43 and a 12-month high of $156.94. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. The company has a market cap of $14.22 billion, a P/E ratio of 10.12, a P/E/G ratio of 1.25 and a beta of 1.42. The firm's 50-day simple moving average is $131.85 and its 200 day simple moving average is $129.66.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results 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). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.91 billion. Analysts expect that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

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).