Jabil Inc. (NYSE:JBL) Shares Sold by Oak Thistle LLC

Oak Thistle LLC reduced its position in Jabil Inc. (NYSE:JBL) by 53.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,695 shares of the technology company’s stock after selling 6,460 shares during the quarter. Oak Thistle LLC’s holdings in Jabil were worth $820,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of Jabil by 6.0% in the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after buying an additional 90 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Jabil by 2.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after acquiring an additional 91 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in Jabil by 3.5% in the 3rd quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock valued at $376,000 after acquiring an additional 105 shares during the last quarter. Richard P Slaughter Associates Inc lifted its stake in Jabil by 0.7% in the 3rd quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company’s stock worth $2,112,000 after purchasing an additional 120 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Jabil by 4.9% during the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock worth $309,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity

In related news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the transaction, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the sale, the executive vice president now owns 18,568 shares in the company, valued at approximately $2,336,411.44. This trade represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,689 shares of company stock valued at $8,527,871. 1.73% of the stock is currently owned by corporate insiders.

Jabil Trading Up 1.5 %

NYSE JBL opened at $158.25 on Thursday. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $159.60. The stock has a market capitalization of $17.68 billion, a P/E ratio of 14.36, a PEG ratio of 1.58 and a beta of 1.23. The firm’s 50-day moving average is $139.30 and its two-hundred day moving average is $122.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the prior year, the business posted $2.60 EPS. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Jabil Inc. will post 7.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of analyst reports. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America lifted their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. UBS Group upped their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group increased their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and an average price target of $153.17.

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).