Earnest Partners LLC Sells 39,248 Shares of Jabil Inc (JBL)
Earnest Partners LLC cut its stake in shares of Jabil Inc (NYSE:JBL) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 859,541 shares of the technology company’s stock after selling 39,248 shares during the quarter. Earnest Partners LLC’s holdings in Jabil were worth $22,563,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Jabil by 4.1% during the fourth quarter. BlackRock Inc. now owns 15,673,789 shares of the technology company’s stock worth $411,435,000 after purchasing an additional 616,359 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Jabil by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 5,980,736 shares of the technology company’s stock worth $170,778,000 after purchasing an additional 29,530 shares during the period. LSV Asset Management lifted its holdings in shares of Jabil by 18.7% during the fourth quarter. LSV Asset Management now owns 4,725,209 shares of the technology company’s stock worth $124,036,000 after purchasing an additional 745,305 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Jabil by 31.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,167,430 shares of the technology company’s stock worth $83,147,000 after purchasing an additional 763,647 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Jabil by 24.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,283,225 shares of the technology company’s stock worth $59,934,000 after purchasing an additional 442,361 shares during the period. 99.65% of the stock is owned by hedge funds and other institutional investors.
In other news, President William E. Peters sold 13,915 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $27.61, for a total value of $384,193.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sergio Cadavid sold 12,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $28.50, for a total value of $342,000.00. The disclosure for this sale can be found here. Insiders sold 53,745 shares of company stock valued at $1,462,436 in the last quarter. 2.60% of the stock is currently owned by company insiders.
Jabil Inc (NYSE JBL) opened at $28.27 on Wednesday. The stock has a market capitalization of $4,960.92, a price-to-earnings ratio of 49.60, a price-to-earnings-growth ratio of 1.15 and a beta of 0.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.50. Jabil Inc has a 52-week low of $23.70 and a 52-week high of $31.70.
Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Jabil had a return on equity of 12.95% and a net margin of 0.54%. Jabil’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. equities analysts expect that Jabil Inc will post 2.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, February 14th. Jabil’s payout ratio is 56.14%.
Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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