Signet Financial Management LLC Decreases Holdings in Jabil Inc. (NYSE:JBL)

Signet Financial Management LLC trimmed its position in shares of Jabil Inc. (NYSE:JBL) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,674 shares of the technology company’s stock after selling 138 shares during the quarter. Signet Financial Management LLC’s holdings in Jabil were worth $3,271,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. HB Wealth Management LLC boosted its stake in Jabil by 3.9% during the fourth quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock valued at $278,000 after buying an additional 82 shares during the last quarter. Signaturefd LLC boosted its position in shares of Jabil by 1.3% in the 3rd quarter. Signaturefd LLC now owns 6,761 shares of the technology company’s stock worth $858,000 after purchasing an additional 86 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Jabil by 0.9% in the 4th quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock worth $1,307,000 after purchasing an additional 90 shares in the last quarter. IFP Advisors Inc lifted its position in Jabil by 2.0% during the 3rd quarter. IFP Advisors Inc now owns 4,608 shares of the technology company’s stock worth $585,000 after acquiring an additional 92 shares during the period. Finally, Fifth Third Bancorp lifted its position in Jabil by 3.2% during the 3rd quarter. Fifth Third Bancorp now owns 3,836 shares of the technology company’s stock worth $487,000 after acquiring an additional 120 shares during the period. Institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In related news, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares in the company, valued at approximately $8,285,976. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Jabil news, Director David M. Stout sold 31,300 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares in the company, valued at approximately $8,285,976. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mark T. Mondello sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the transaction, the chairman now owns 1,809,194 shares in the company, valued at approximately $228,121,271.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,177 shares of company stock worth $11,665,039. 2.62% of the stock is owned by corporate insiders.

Jabil Price Performance

Shares of Jabil stock traded down $1.37 on Tuesday, hitting $131.29. The company had a trading volume of 398,729 shares, compared to its average volume of 1,330,003. The company has a market cap of $15.83 billion, a PE ratio of 11.26, a PEG ratio of 1.43 and a beta of 1.40. Jabil Inc. has a 52 week low of $75.48 and a 52 week high of $156.94. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The business has a 50-day simple moving average of $138.57 and a 200-day simple moving average of $131.18.

Jabil (NYSE:JBL) last issued its earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Research analysts expect that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil’s dividend payout ratio (DPR) is presently 2.75%.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of research reports. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Argus lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. The Goldman Sachs Group upped their price objective on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, Barclays dropped their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $144.50.

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).