Bayesian Capital Management LP Sells 10,607 Shares of Jabil Inc. (NYSE:JBL)

Bayesian Capital Management LP trimmed its holdings in shares of Jabil Inc. (NYSE:JBL) by 63.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,000 shares of the technology company’s stock after selling 10,607 shares during the period. Bayesian Capital Management LP’s holdings in Jabil were worth $863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Jabil during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Jabil in the fourth quarter worth approximately $29,000. Millstone Evans Group LLC bought a new position in shares of Jabil in the fourth quarter worth approximately $37,000. First Horizon Advisors Inc. increased its stake in shares of Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock valued at $43,000 after buying an additional 158 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. UBS Group increased their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. The Goldman Sachs Group reduced their price target on shares of Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Finally, JPMorgan Chase & Co. reduced their target price on Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.50.

Jabil Price Performance

JBL stock opened at $150.09 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The firm has a 50 day moving average price of $138.21 and a 200-day moving average price of $143.22. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 earnings per share. Equities research analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date is Thursday, May 15th. Jabil’s payout ratio is 7.66%.

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the transaction, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.73% 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).