Tudor Investment Corp ET AL Has $12.25 Million Position in Jabil Inc. (NYSE:JBL)

Tudor Investment Corp ET AL lowered its stake in Jabil Inc. (NYSE:JBL - Free Report) by 65.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 85,109 shares of the technology company's stock after selling 158,228 shares during the period. Tudor Investment Corp ET AL owned 0.08% of Jabil worth $12,247,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of Jabil by 33.5% in the 3rd quarter. Barclays PLC now owns 327,969 shares of the technology company's stock valued at $39,300,000 after acquiring an additional 82,312 shares during the last quarter. Virtu Financial LLC boosted its holdings in Jabil by 157.9% in the third quarter. Virtu Financial LLC now owns 15,091 shares of the technology company's stock worth $1,808,000 after purchasing an additional 9,239 shares during the period. Te Ahumairangi Investment Management Ltd boosted its holdings in Jabil by 365.6% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 20,767 shares of the technology company's stock worth $2,474,000 after purchasing an additional 16,307 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jabil during the third quarter worth $347,000. Finally, Synovus Financial Corp lifted its position in shares of Jabil by 92.8% in the 3rd quarter. Synovus Financial Corp now owns 18,056 shares of the technology company's stock worth $2,164,000 after buying an additional 8,693 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In other Jabil news, 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 sale, the chairman now directly owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. The trade was a 1.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.73% of the stock is currently owned by company insiders.

Jabil Price Performance

Jabil stock traded up $2.74 during trading hours on Friday, hitting $150.32. 891,110 shares of the company traded hands, compared to its average volume of 1,456,789. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The firm has a market cap of $16.14 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.65 and a beta of 1.12. The firm's 50-day simple moving average is $138.52 and its two-hundred day simple moving average is $142.62. 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 (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. The firm had revenue of $6.73 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 earnings per share. As a group, analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's payout ratio is 7.66%.

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).