Sciencast Management LP decreased its position in shares of Jabil Inc (NYSE:JBL) by 12.3% in the 4th quarter, HoldingsChannel reports. The fund owned 48,638 shares of the technology company’s stock after selling 6,827 shares during the period. Sciencast Management LP’s holdings in Jabil were worth $2,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Texas Permanent School Fund grew its holdings in Jabil by 0.3% during the third quarter. Texas Permanent School Fund now owns 94,720 shares of the technology company’s stock worth $3,388,000 after buying an additional 304 shares in the last quarter. Squar Milner Financial Services LLC boosted its position in Jabil by 11.3% in the third quarter. Squar Milner Financial Services LLC now owns 4,099 shares of the technology company’s stock worth $146,000 after purchasing an additional 415 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its position in Jabil by 1.5% in the third quarter. Metropolitan Life Insurance Co NY now owns 40,654 shares of the technology company’s stock worth $1,454,000 after purchasing an additional 587 shares during the last quarter. Putnam Investments LLC boosted its position in Jabil by 0.4% in the second quarter. Putnam Investments LLC now owns 144,700 shares of the technology company’s stock worth $4,573,000 after purchasing an additional 600 shares during the last quarter. Finally, World Asset Management Inc boosted its position in Jabil by 4.9% in the third quarter. World Asset Management Inc now owns 13,945 shares of the technology company’s stock worth $499,000 after purchasing an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 89.60% of the company’s stock.

Several research analysts have weighed in on the company. ValuEngine cut Jabil from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Royal Bank of Canada boosted their price objective on Jabil to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 18th. Stifel Nicolaus boosted their price objective on Jabil from $34.00 to $43.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Argus boosted their price objective on Jabil from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Jabil from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $38.63.

Shares of NYSE JBL opened at $43.10 on Thursday. Jabil Inc has a one year low of $24.50 and a one year high of $44.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.97 and a quick ratio of 0.62. The business’s fifty day moving average price is $40.74 and its 200-day moving average price is $34.79. The stock has a market capitalization of $6.56 billion, a PE ratio of 23.81, a P/E/G ratio of 1.60 and a beta of 1.00.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Tuesday, December 17th. The technology company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. Jabil had a return on equity of 10.91% and a net margin of 0.78%. The firm had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, equities analysts expect that Jabil Inc will post 2.24 EPS for the current fiscal year.

In other news, EVP Robert L. Katz sold 2,933 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $36.87, for a total transaction of $108,139.71. Following the transaction, the executive vice president now owns 205,669 shares of the company’s stock, valued at approximately $7,583,016.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Courtney J. Ryan sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $41.54, for a total value of $207,700.00. Following the transaction, the executive vice president now directly owns 283,656 shares in the company, valued at approximately $11,783,070.24. The disclosure for this sale can be found here. Insiders have sold a total of 351,751 shares of company stock worth $13,979,310 in the last ninety days. Insiders own 2.81% of the company’s stock.

Jabil Profile

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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