Jabil (JBL) Holdings Reduced by Riverhead Capital Management LLC

Riverhead Capital Management LLC decreased its holdings in Jabil (NYSE:JBL) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,509 shares of the technology company’s stock after selling 14,060 shares during the quarter. Riverhead Capital Management LLC owned approximately 0.10% of Jabil worth $4,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Premia Global Advisors LLC purchased a new stake in Jabil in the 4th quarter valued at about $174,000. Signition LP purchased a new stake in Jabil in the 4th quarter valued at about $202,000. Alambic Investment Management L.P. purchased a new stake in Jabil in the 4th quarter valued at about $215,000. DekaBank Deutsche Girozentrale grew its holdings in Jabil by 269.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 7,705 shares of the technology company’s stock valued at $220,000 after buying an additional 5,620 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Jabil by 47.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock valued at $234,000 after buying an additional 2,853 shares during the period. Institutional investors own 97.75% of the company’s stock.

Several analysts have commented on the company. Zacks Investment Research cut Jabil from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Standpoint Research upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. ValuEngine cut Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Goldman Sachs lowered their price target on Jabil to $24.00 and set a “sell” rating for the company in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.90.

In other Jabil news, Director Thomas A. Sansone sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $29.88, for a total value of $448,200.00. Following the completion of the transaction, the director now owns 184,188 shares in the company, valued at approximately $5,503,537.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President William E. Peters sold 13,915 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $26.91, for a total value of $374,452.65. The disclosure for this sale can be found here. Insiders have sold a total of 77,066 shares of company stock valued at $2,189,368 in the last quarter. Company insiders own 2.60% of the company’s stock.

Shares of NYSE:JBL opened at $28.13 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.04 and a quick ratio of 0.54. Jabil has a 1 year low of $27.73 and a 1 year high of $27.93. The stock has a market cap of $4.87 billion, a PE ratio of 15.21, a PEG ratio of 1.13 and a beta of 0.43.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, March 15th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. Jabil had a return on equity of 14.31% and a net margin of 0.60%. The business had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. sell-side analysts forecast that Jabil will post 2.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, 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 1.14%. The ex-dividend date is Monday, May 14th. Jabil’s payout ratio is currently 17.30%.

Jabil Profile

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).

Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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