Sentry Investment Management LLC Buys Shares of 697 Jabil Inc. (NYSE:JBL)

Sentry Investment Management LLC purchased a new position in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 697 shares of the technology company’s stock, valued at approximately $89,000.

A number of other large investors also recently modified their holdings of JBL. Cetera Advisor Networks LLC increased its holdings in Jabil by 4.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock worth $246,000 after purchasing an additional 180 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Jabil in the first quarter valued at approximately $399,000. Great West Life Assurance Co. Can raised its holdings in Jabil by 10.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock valued at $5,312,000 after buying an additional 7,933 shares during the last quarter. Sei Investments Co. boosted its position in Jabil by 58.6% during the 1st quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock worth $23,633,000 after buying an additional 141,511 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Jabil by 656.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock worth $1,340,000 after acquiring an additional 18,832 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the sale, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was 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 in the company, valued at $45,591,095. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gerald Creadon sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total value of $406,860.00. Following the sale, the executive vice president now owns 65,434 shares of the company’s stock, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 107,177 shares of company stock worth $13,678,039. Company insiders own 2.62% of the company’s stock.

Jabil Stock Down 0.0 %

Shares of NYSE:JBL opened at $129.59 on Friday. The business’s 50-day moving average is $138.45 and its 200-day moving average is $131.19. Jabil Inc. has a 1 year low of $75.48 and a 1 year high of $156.94. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 1.40 and a beta of 1.40. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last issued its quarterly earnings results 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). The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Equities research analysts predict that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.25%. The ex-dividend date is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is currently 2.75%.

Analyst Ratings Changes

A number of brokerages have recently commented on JBL. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Barclays reduced their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. Argus cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group lifted their price objective on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and an average target price of $144.50.

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).