Fort Washington Investment Advisors Inc. OH Sells 328 Shares of Jabil Inc. (NYSE:JBL)

Fort Washington Investment Advisors Inc. OH reduced its stake in Jabil Inc. (NYSE:JBL) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,328 shares of the technology company’s stock after selling 328 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Jabil were worth $335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBL. Capital Performance Advisors LLP bought a new stake in Jabil in the third quarter valued at $32,000. Brooklyn Investment Group bought a new stake in Jabil in the third quarter valued at $39,000. Matrix Trust Co increased its stake in Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in Jabil by 114.0% in the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after purchasing an additional 228 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in Jabil by 945.7% in the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock valued at $58,000 after purchasing an additional 435 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,038 shares of company stock worth $5,579,666 over the last three months. 1.73% of the stock is currently owned by insiders.

Jabil Stock Up 1.4 %

Jabil stock opened at $171.37 on Friday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $171.55. The stock has a market cap of $18.71 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. The firm’s 50-day simple moving average is $143.58 and its 200 day simple moving average is $124.78. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the previous year, the company earned $2.60 earnings per share. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. Research analysts predict that Jabil Inc. will post 8.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, Barclays boosted their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock 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).