Todd Asset Management LLC Cuts Position in Jabil Inc. (NYSE:JBL)

Todd Asset Management LLC reduced its holdings in shares of Jabil Inc. (NYSE:JBL) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,632 shares of the technology company’s stock after selling 51,314 shares during the quarter. Todd Asset Management LLC’s holdings in Jabil were worth $33,842,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. HB Wealth Management LLC raised its position in Jabil by 3.9% in the fourth quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock valued at $278,000 after purchasing an additional 82 shares during the period. Signaturefd LLC raised its stake in shares of Jabil by 1.3% during the third quarter. Signaturefd LLC now owns 6,761 shares of the technology company’s stock valued at $858,000 after purchasing an additional 86 shares during the period. Mackenzie Financial Corp grew its holdings in Jabil by 0.9% during the 4th quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock valued at $1,307,000 after purchasing an additional 90 shares in the last quarter. Field & Main Bank increased its stake in Jabil by 5.6% during the 4th quarter. Field & Main Bank now owns 1,875 shares of the technology company’s stock worth $239,000 after buying an additional 100 shares during the period. Finally, Fifth Third Bancorp boosted its position in Jabil by 3.2% in the 3rd quarter. Fifth Third Bancorp now owns 3,836 shares of the technology company’s stock valued at $487,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, Barclays reduced their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $144.50.

Insider Buying and Selling at Jabil

In other news, SVP May Yee Yap sold 7,877 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the transaction, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark T. Mondello sold 50,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at $228,121,271.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,877 shares of company stock valued at $9,824,383. Company insiders own 2.62% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock traded up $1.96 during trading on Friday, hitting $117.22. 1,104,012 shares of the stock were exchanged, compared to its average volume of 1,379,948. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. Jabil Inc. has a 12 month low of $75.48 and a 12 month high of $156.94. The stock’s fifty day moving average is $133.80 and its 200 day moving average is $130.00. The stock has a market cap of $14.14 billion, a PE ratio of 10.06, a P/E/G ratio of 1.25 and a beta of 1.42.

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

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s payout ratio is currently 2.75%.

Jabil Company Profile

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).