Jabil Inc (JBL) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Jabil Inc (NYSE:JBL) by 13.4% in the 4th quarter, Holdings Channel reports. The firm owned 161,796 shares of the technology company’s stock after selling 24,970 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Jabil were worth $3,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in JBL. Russell Investments Group Ltd. lifted its stake in shares of Jabil by 43.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 399,537 shares of the technology company’s stock worth $10,826,000 after acquiring an additional 121,982 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Jabil in the 3rd quarter worth approximately $3,107,000. Signition LP acquired a new stake in shares of Jabil in the 3rd quarter worth approximately $212,000. Engineers Gate Manager LP acquired a new stake in shares of Jabil in the 3rd quarter worth approximately $1,258,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Jabil by 13,956.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 12,510 shares of the technology company’s stock worth $336,000 after acquiring an additional 12,421 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

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In related news, CEO Kenneth S. Wilson sold 6,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $24.30, for a total transaction of $145,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven D. Borges sold 7,500 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $29.00, for a total transaction of $217,500.00. Following the sale, the chief executive officer now directly owns 275,115 shares of the company’s stock, valued at $7,978,335. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,022 shares of company stock valued at $1,125,766. Company insiders own 2.90% of the company’s stock.

A number of analysts have recently weighed in on the stock. ValuEngine lowered shares of Jabil from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. Citigroup reduced their price target on shares of Jabil to $24.00 and set a “sell” rating for the company in a research note on Tuesday, November 27th. They noted that the move was a valuation call. Wolfe Research assumed coverage on shares of Jabil in a research note on Tuesday, December 11th. They issued a “market perform” rating for the company. TheStreet raised shares of Jabil from a “c+” rating to a “b” rating in a research note on Monday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Jabil from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Jabil currently has an average rating of “Hold” and a consensus price target of $28.20.

Shares of NYSE:JBL traded down $0.10 during trading on Tuesday, reaching $28.54. The company had a trading volume of 2,193 shares, compared to its average volume of 1,182,330. The firm has a market cap of $4.42 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.99 and a beta of 0.60. Jabil Inc has a twelve month low of $21.49 and a twelve month high of $31.77. The company has a current ratio of 1.02, a quick ratio of 0.62 and a debt-to-equity ratio of 1.31.

Jabil (NYSE:JBL) last released its earnings results on Tuesday, December 18th. The technology company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.69 by $0.21. Jabil had a net margin of 0.63% and a return on equity of 19.52%. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the business earned $0.80 earnings per share. Equities research analysts forecast that Jabil Inc will post 2.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, February 14th. Jabil’s dividend payout ratio is presently 14.75%.

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About Jabil

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).

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