Teachers Retirement System of The State of Kentucky Has $52.45 Million Stock Holdings in Jabil Inc. (NYSE:JBL)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 364,449 shares of the technology company's stock after selling 3,193 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.33% of Jabil worth $52,445,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Meyer Handelman Co. acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $7,334,000. Davis Investment Partners LLC acquired a new stake in Jabil in the 4th quarter valued at approximately $1,433,000. Truist Financial Corp raised its stake in Jabil by 50.4% during the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock valued at $1,732,000 after acquiring an additional 4,034 shares in the last quarter. Merit Financial Group LLC bought a new stake in Jabil during the 4th quarter valued at $235,000. Finally, Keybank National Association OH acquired a new position in Jabil during the 4th quarter worth $214,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Trading Up 0.8 %

Shares of NYSE JBL traded up $1.10 during mid-day trading on Friday, hitting $147.23. 448,265 shares of the company traded hands, compared to its average volume of 1,469,739. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The stock has a market capitalization of $15.80 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.65 and a beta of 1.12. The business has a 50 day moving average of $140.37 and a two-hundred day moving average of $141.83.

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

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil's dividend payout ratio is 7.66%.

Insider Activity at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the transaction, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This 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 owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on JBL shares. StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. UBS Group raised their price objective on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays boosted 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. JPMorgan Chase & Co. lowered their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group dropped their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Jabil presently has a consensus rating of "Moderate Buy" and an average price target of $158.50.

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).