Invesco Ltd. Sells 460,657 Shares of Jabil Inc. (NYSE:JBL)

Invesco Ltd. lessened its stake in Jabil Inc. (NYSE:JBL) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,354,117 shares of the technology company’s stock after selling 460,657 shares during the quarter. Invesco Ltd. owned approximately 2.16% of Jabil worth $338,757,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Barclays upped their price target on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Stifel Nicolaus restated 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. UBS Group increased their target price on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group increased their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Insider Transactions at Jabil

In other news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the sale, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction dated Friday, January 31st. The stock was 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 directly owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,400 shares of company stock valued at $12,205,218. 1.73% of the stock is currently owned by insiders.

Jabil Price Performance

Shares of Jabil stock opened at $137.54 on Thursday. 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 stock’s fifty day moving average is $147.20 and its 200 day moving average is $140.82. The stock has a market cap of $15.02 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.65 and a beta of 1.12. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The business 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 business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.68 earnings per share. Sell-side analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. Jabil’s dividend payout ratio (DPR) is 7.66%.

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).