State of New Jersey Common Pension Fund D Has $5.74 Million Holdings in Jabil Inc. (NYSE:JBL)

State of New Jersey Common Pension Fund D lessened its position in shares of Jabil Inc. (NYSE:JBL) by 5.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 39,865 shares of the technology company’s stock after selling 2,170 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Jabil were worth $5,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Jabil during the 3rd quarter worth approximately $32,000. GHP Investment Advisors Inc. acquired a new stake in shares of Jabil during the 4th quarter worth approximately $43,000. Brooklyn Investment Group acquired a new stake in shares of Jabil during the 3rd quarter worth approximately $39,000. Allworth Financial LP grew its holdings in shares of Jabil by 38.9% during the 4th quarter. Allworth Financial LP now owns 432 shares of the technology company’s stock worth $62,000 after purchasing an additional 121 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Jabil by 30.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock worth $67,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Activity

In other news, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 over the last 90 days. 1.73% of the stock is owned by company insiders.

Jabil Price Performance

Jabil stock opened at $169.43 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The firm has a market cap of $18.50 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.64 and a beta of 1.23. The business’s fifty day moving average is $155.32 and its two-hundred day moving average is $131.77. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.60 earnings per share. Equities research analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Barclays boosted their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. The Goldman Sachs Group boosted their price target on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group boosted their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $153.17.

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).