Measured Wealth Private Client Group LLC Cuts Holdings in Jabil Inc. (NYSE:JBL)

Measured Wealth Private Client Group LLC trimmed its holdings in shares of Jabil Inc. (NYSE:JBL) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,051 shares of the technology company’s stock after selling 1,031 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Jabil were worth $1,153,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. increased its holdings in Jabil by 192.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 732 shares of the technology company’s stock valued at $94,000 after buying an additional 482 shares during the period. New York Life Investment Management LLC purchased a new position in Jabil in the fourth quarter worth $2,356,000. Field & Main Bank grew its holdings in Jabil by 5.6% in the fourth quarter. Field & Main Bank now owns 1,875 shares of the technology company’s stock worth $239,000 after purchasing an additional 100 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Jabil by 3.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 72,654 shares of the technology company’s stock worth $9,256,000 after purchasing an additional 2,148 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in Jabil in the fourth quarter worth $1,279,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Performance

Shares of JBL traded up $1.96 during trading hours on Friday, reaching $117.22. 1,104,012 shares of the company traded hands, compared to its average volume of 1,379,948. The stock has a market capitalization of $14.14 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.23 and a beta of 1.42. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 12-month low of $75.48 and a 12-month high of $156.94. The business has a fifty day moving average price of $133.80 and a 200-day moving average price of $130.05.

Jabil (NYSE:JBL) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Equities analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Analyst Ratings Changes

JBL has been the topic of several analyst reports. Barclays cut 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. The Goldman Sachs Group lifted their price target on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Finally, Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $144.50.

Insider Transactions at Jabil

In related news, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the completion of the transaction, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the completion of the transaction, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares of the company’s stock, valued at $45,591,095. The disclosure for this sale can be found here. Insiders have sold 75,877 shares of company stock worth $9,824,383 over the last quarter. 2.62% of the stock is currently owned by insiders.

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).