Paradiem LLC Sells 16,675 Shares of Jabil Inc. (NYSE:JBL)

Paradiem LLC decreased its holdings in shares of Jabil Inc. (NYSE:JBL) by 37.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,792 shares of the technology company’s stock after selling 16,675 shares during the period. Paradiem LLC’s holdings in Jabil were worth $3,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. HB Wealth Management LLC raised its position in shares of Jabil by 3.9% during the 4th quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock valued at $278,000 after acquiring an additional 82 shares during the last quarter. Signaturefd LLC raised its position in shares of Jabil by 1.3% during the 3rd quarter. Signaturefd LLC now owns 6,761 shares of the technology company’s stock valued at $858,000 after acquiring an additional 86 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of 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 acquiring an additional 90 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Jabil by 3.2% during the 3rd quarter. Fifth Third Bancorp now owns 3,836 shares of the technology company’s stock valued at $487,000 after acquiring an additional 120 shares during the last quarter. Finally, Convergence Investment Partners LLC increased its position in shares of Jabil by 3.6% in the 3rd quarter. Convergence Investment Partners LLC now owns 4,032 shares of the technology company’s stock valued at $512,000 after buying an additional 141 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Transactions at Jabil

In other news, SVP May Yee Yap sold 7,877 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. 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 the firm’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The disclosure for this sale can be found here. Insiders sold a total of 107,177 shares of company stock worth $13,678,039 in the last three months. Insiders own 2.62% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the subject of a number of recent analyst reports. Barclays lowered their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. 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. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Jabil presently has an average rating of “Buy” and a consensus target price of $144.50.

Jabil Stock Down 0.2 %

NYSE JBL traded down $0.21 on Friday, reaching $118.27. The company had a trading volume of 1,940,101 shares, compared to its average volume of 1,202,460. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. 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 1-year low of $75.48 and a 1-year high of $156.94. The company’s fifty day moving average is $135.97 and its 200-day moving average is $130.73.

Jabil (NYSE:JBL) last announced 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 company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. On average, research analysts forecast that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Jabil’s dividend payout ratio is 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).