Boston Partners Sells 25,234 Shares of Jabil Inc. (NYSE:JBL)

Boston Partners trimmed its position in Jabil Inc. (NYSE:JBL) by 3.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 698,075 shares of the technology company’s stock after selling 25,234 shares during the period. Boston Partners owned about 0.58% of Jabil worth $93,220,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank grew its holdings in Jabil by 0.3% during the 1st quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock worth $3,006,000 after acquiring an additional 73 shares during the period. Beacon Pointe Advisors LLC increased its holdings in Jabil by 2.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 3,377 shares of the technology company’s stock valued at $430,000 after purchasing an additional 83 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Jabil by 0.9% in the fourth quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock valued at $1,307,000 after purchasing an additional 90 shares during the last quarter. Field & Main Bank lifted its stake in Jabil by 5.6% in the fourth quarter. Field & Main Bank now owns 1,875 shares of the technology company’s stock valued at $239,000 after buying an additional 100 shares during the period. Finally, Gulf International Bank UK Ltd boosted its holdings in Jabil by 1.0% during the first quarter. Gulf International Bank UK Ltd now owns 10,743 shares of the technology company’s stock worth $1,439,000 after buying an additional 110 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Down 8.6 %

Shares of Jabil stock traded down $9.38 during trading on Friday, reaching $99.62. The stock had a trading volume of 3,749,817 shares, compared to its average volume of 1,328,192. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 1.95 and a beta of 1.27. The stock has a fifty day moving average price of $114.02 and a two-hundred day moving average price of $124.80. Jabil Inc. has a 52 week low of $96.77 and a 52 week high of $156.94.

Jabil (NYSE:JBL) last released its earnings results on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The business’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 EPS. Sell-side analysts predict that Jabil Inc. will post 7.86 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.32%. Jabil’s payout ratio is currently 2.91%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, June 17th. UBS Group decreased their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Barclays lowered their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Bank of America lowered their price target on Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 21st. Two analysts have 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.63.

Insiders Place Their Bets

In related news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the sale, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the transaction, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the sale, the senior vice president now owns 24,829 shares in the company, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

About Jabil

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).