Two Sigma Securities LLC Cuts Stake in Jabil Inc. (NYSE:JBL)

Two Sigma Securities LLC lowered its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 38.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,893 shares of the technology company's stock after selling 3,106 shares during the quarter. Two Sigma Securities LLC's holdings in Jabil were worth $704,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Voya Investment Management LLC raised its stake in shares of Jabil by 13.9% during the 4th quarter. Voya Investment Management LLC now owns 110,103 shares of the technology company's stock valued at $15,844,000 after buying an additional 13,479 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Jabil by 12.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 2,091 shares of the technology company's stock worth $301,000 after acquiring an additional 228 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Jabil by 30.9% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 350,191 shares of the technology company's stock valued at $50,392,000 after acquiring an additional 82,593 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Jabil by 61.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 246,662 shares of the technology company's stock worth $35,495,000 after purchasing an additional 94,284 shares in the last quarter. Finally, MGO One Seven LLC acquired a new position in shares of Jabil in the 4th quarter valued at $399,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insiders Place Their Bets

In related news, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil 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 completion of 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 corporate insiders.

Jabil Stock Up 0.0 %

Shares of Jabil stock traded up $0.06 on Wednesday, reaching $146.63. 586,354 shares of the company were exchanged, compared to its average volume of 1,460,380. The stock's 50 day moving average price is $139.07 and its 200-day moving average price is $142.44. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a market cap of $15.74 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly 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 company had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 EPS. As a group, equities analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business 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. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil's dividend payout ratio is currently 7.66%.

Wall Street Analysts Forecast Growth

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

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).