Jabil Inc. (NYSE:JBL) Shares Sold by Sara Bay Financial

Sara Bay Financial lessened its stake in Jabil Inc. (NYSE:JBL) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,179 shares of the technology company’s stock after selling 203 shares during the quarter. Jabil accounts for 0.5% of Sara Bay Financial’s investment portfolio, making the stock its 19th largest position. Sara Bay Financial’s holdings in Jabil were worth $1,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Jabil in the 3rd quarter valued at about $32,000. Brooklyn Investment Group purchased a new position in shares of Jabil in the 3rd quarter valued at about $39,000. Matrix Trust Co increased its holdings in shares of Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of Jabil by 114.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after purchasing an additional 228 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of Jabil by 945.7% in the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock valued at $58,000 after purchasing an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other news, EVP Matthew Crowley sold 2,271 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $123.54, for a total transaction of $280,559.34. Following the transaction, the executive vice president now directly owns 15,564 shares of the company’s stock, valued at approximately $1,922,776.56. The trade was a 12.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the transaction, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,309 shares of company stock valued at $8,354,226 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Jabil Trading Up 0.7 %

Shares of NYSE JBL traded up $1.21 during midday trading on Friday, reaching $162.94. 1,620,731 shares of the stock were exchanged, compared to its average volume of 1,496,248. The company has a market capitalization of $18.20 billion, a P/E ratio of 15.62, a P/E/G ratio of 1.61 and a beta of 1.23. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $164.25. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average price of $140.74 and a 200-day moving average price of $123.16.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period last year, the company earned $2.60 earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. Equities research analysts expect that Jabil Inc. will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JBL has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Monday, January 13th. UBS Group raised their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Bank of America raised their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. The Goldman Sachs Group raised their target price on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $153.17.

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).