Jabil Inc. (NYSE:JBL) Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its stake in shares of Jabil Inc. (NYSE:JBL) by 94.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,911 shares of the technology company’s stock after selling 212,203 shares during the quarter. Trexquant Investment LP’s holdings in Jabil were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in JBL. SBI Securities Co. Ltd. acquired a new stake in Jabil in the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Jabil in the 4th quarter valued at about $29,000. Millstone Evans Group LLC acquired a new position in Jabil during the 4th quarter valued at about $37,000. First Horizon Advisors Inc. boosted its stake in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. bought a new position in Jabil in the 4th quarter worth about $43,000. Institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JBL. JPMorgan Chase & Co. boosted their price objective on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. The Goldman Sachs Group raised their price target on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. Barclays increased their target price on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus restated a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $167.50.

Insider Activity at Jabil

In other news, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now owns 5,900 shares of the company’s stock, valued at $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the director now directly owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,400 shares of company stock worth $12,205,218 in the last quarter. 1.73% of the stock is owned by company insiders.

Jabil Price Performance

Shares of NYSE JBL opened at $120.19 on Wednesday. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. 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 firm has a 50-day moving average of $148.20 and a two-hundred day moving average of $140.67. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 earnings per share. As a group, analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio is 7.66%.

About Jabil

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).