Cascade Investment Advisors Inc. Sells 1,727 Shares of Jabil Inc. (NYSE:JBL)

Cascade Investment Advisors Inc. decreased its holdings in Jabil Inc. (NYSE:JBL) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,208 shares of the technology company’s stock after selling 1,727 shares during the quarter. Jabil accounts for about 1.6% of Cascade Investment Advisors Inc.’s investment portfolio, making the stock its 10th largest position. Cascade Investment Advisors Inc.’s holdings in Jabil were worth $2,439,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in JBL. Norges Bank acquired a new position in Jabil in the fourth quarter worth approximately $192,964,000. FMR LLC grew its position in Jabil by 15.9% in the third quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock worth $1,335,528,000 after buying an additional 1,440,857 shares during the last quarter. Vanguard Group Inc. boosted its stake in Jabil by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock worth $1,919,948,000 after purchasing an additional 1,427,429 shares during the period. Artisan Partners Limited Partnership acquired a new position in Jabil in the 3rd quarter worth approximately $124,319,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Jabil in the 3rd quarter worth approximately $57,818,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Activity at Jabil

In related news, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the sale, the chairman now owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the transaction, the chairman now owns 1,809,194 shares in the company, valued at approximately $228,121,271.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the transaction, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,877 shares of company stock valued at $9,824,383. Insiders own 2.62% of the company’s stock.

Jabil Stock Up 0.6 %

Shares of NYSE:JBL traded up $0.67 during trading on Thursday, reaching $118.85. 1,095,791 shares of the company traded hands, compared to its average volume of 1,394,833. 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 1-year low of $83.64 and a 1-year high of $156.94. The firm has a fifty day simple moving average of $125.36 and a 200 day simple moving average of $129.24. The firm has a market cap of $14.33 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 1.46 and a beta of 1.42.

Jabil (NYSE:JBL) last released 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 net margin of 4.70% and a return on equity of 39.47%. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Analysts anticipate that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JBL shares. Barclays decreased their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group raised their price objective on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. One equities research 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 stock. Based on data from MarketBeat, Jabil currently has an average rating of “Buy” and an average target price of $144.50.

Jabil 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).