United Asset Strategies Inc. Sells 2,313 Shares of Jabil Inc. (NYSE:JBL)

United Asset Strategies Inc. trimmed its holdings in Jabil Inc. (NYSE:JBL) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,283 shares of the technology company’s stock after selling 2,313 shares during the quarter. United Asset Strategies Inc.’s holdings in Jabil were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of JBL. Cetera Advisor Networks LLC increased its stake in shares of Jabil by 4.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock worth $246,000 after acquiring an additional 180 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Jabil in the 1st quarter worth about $399,000. Great West Life Assurance Co. Can increased its stake in shares of Jabil by 10.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock worth $5,312,000 after acquiring an additional 7,933 shares in the last quarter. Sei Investments Co. grew its position in Jabil by 58.6% during the 1st quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock valued at $23,633,000 after purchasing an additional 141,511 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Jabil by 656.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock valued at $1,340,000 after purchasing an additional 18,832 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group increased 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. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Finally, Barclays dropped their price target on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.

Jabil Stock Performance

JBL opened at $131.99 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.41 and a beta of 1.40. The company’s 50 day moving average is $138.61 and its 200 day moving average is $131.22. Jabil Inc. has a 12-month low of $75.48 and a 12-month high of $156.94.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. On average, equities research analysts predict that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Wednesday, February 14th. Jabil’s payout ratio is 2.75%.

Insiders Place Their Bets

In other Jabil news, EVP Gerald Creadon sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the sale, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the sale, the executive vice president now owns 65,434 shares in the company, valued at $8,874,159.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the sale, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,177 shares of company stock worth $11,665,039. Company insiders own 2.62% of the company’s stock.

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).