Dimensional Fund Advisors LP Cuts Stock Holdings in Jabil Inc. (NYSE:JBL)

Dimensional Fund Advisors LP decreased its holdings in shares of Jabil Inc. (NYSE:JBLGet Rating) by 6.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,779,870 shares of the technology company’s stock after selling 251,233 shares during the period. Dimensional Fund Advisors LP owned 2.63% of Jabil worth $265,908,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its position in shares of Jabil by 3.2% during the third quarter. BlackRock Inc. now owns 12,174,914 shares of the technology company’s stock worth $710,649,000 after purchasing an additional 383,062 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Jabil by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,609,163 shares of the technology company’s stock valued at $93,927,000 after acquiring an additional 55,690 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Jabil by 0.3% during the 3rd quarter. Goldman Sachs Group Inc. now owns 1,587,778 shares of the technology company’s stock worth $92,679,000 after purchasing an additional 4,536 shares during the period. Millennium Management LLC grew its holdings in Jabil by 21.5% during the third quarter. Millennium Management LLC now owns 1,457,849 shares of the technology company’s stock worth $85,095,000 after acquiring an additional 257,615 shares during the period. Finally, Bank of America Corp DE raised its position in Jabil by 19.4% during the fourth quarter. Bank of America Corp DE now owns 1,392,689 shares of the technology company’s stock valued at $97,975,000 after acquiring an additional 226,390 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Mark T. Mondello sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $62.20, for a total value of $746,400.00. Following the sale, the chief executive officer now owns 2,055,589 shares in the company, valued at approximately $127,857,635.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.59% of the company’s stock.

JBL has been the subject of a number of analyst reports. Citigroup reaffirmed a “top pick” rating and issued a $90.00 price target on shares of Jabil in a report on Thursday, March 17th. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 15th. Finally, Zacks Investment Research raised shares of Jabil from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Monday, March 21st. Five equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $77.14.

Shares of Jabil stock opened at $60.39 on Thursday. Jabil Inc. has a 1 year low of $50.85 and a 1 year high of $72.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.55 and a current ratio of 1.01. The company has a market capitalization of $8.53 billion, a P/E ratio of 11.14, a PEG ratio of 0.76 and a beta of 1.38. The company’s fifty day moving average is $58.59 and its two-hundred day moving average is $61.90.

Jabil (NYSE:JBLGet Rating) last released its earnings results on Wednesday, March 16th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.21. Jabil had a return on equity of 36.62% and a net margin of 2.63%. The company had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.44 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts expect that Jabil Inc. will post 6.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 16th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, May 13th. Jabil’s dividend payout ratio is currently 5.90%.

Jabil Profile (Get Rating)

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