Redwood Investment Management LLC Sells 3,325 Shares of Jabil Inc. (NYSE:JBL)

Redwood Investment Management LLC lessened its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 25.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,895 shares of the technology company's stock after selling 3,325 shares during the quarter. Redwood Investment Management LLC's holdings in Jabil were worth $1,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of JBL. SBI Securities Co. Ltd. bought a new position in Jabil in the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil in the 4th quarter valued at $29,000. Millstone Evans Group LLC bought a new position in Jabil in the 4th quarter valued at $37,000. First Horizon Advisors Inc. grew its position in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in Jabil in the 4th quarter valued at $43,000. Institutional investors own 93.39% of the company's stock.

Jabil Trading Up 0.8%

Shares of NYSE JBL opened at $167.88 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a market capitalization of $18.02 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The business has a fifty day moving average price of $141.38 and a 200 day moving average price of $145.18.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 EPS. Equities research analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Insider Buying and Selling at Jabil

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the completion of the sale, the chief executive officer now directly owns 221,693 shares in the company, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This trade represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on JBL shares. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. JPMorgan Chase & Co. lowered their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group lowered their target price on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Barclays upped their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Finally, UBS Group upped their target price on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Jabil presently has an average rating of "Moderate Buy" and a consensus target price of $158.50.

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).

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