Florida Financial Advisors LLC Makes New Investment in Jabil Inc. (NYSE:JBL)

Florida Financial Advisors LLC bought a new position in shares of Jabil Inc. (NYSE:JBL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,594 shares of the technology company’s stock, valued at approximately $948,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JBL. SBI Securities Co. Ltd. purchased a new position in shares of Jabil during the fourth quarter valued at approximately $27,000. Millstone Evans Group LLC purchased a new position in shares of Jabil in the 4th quarter valued at $37,000. Brooklyn Investment Group purchased a new stake in shares of Jabil during the third quarter valued at about $39,000. First Horizon Advisors Inc. increased its position in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Jabil during the 4th quarter valued at about $43,000. Institutional investors own 93.39% of the company’s stock.

Jabil Price Performance

Jabil stock opened at $149.89 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $16.36 billion, a PE ratio of 14.37, a P/E/G ratio of 1.65 and a beta of 1.19. The firm’s 50-day simple moving average is $155.89 and its 200 day simple moving average is $138.73. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (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 analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 earnings per share. On average, equities research analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s payout ratio is currently 7.66%.

Wall Street Analysts Forecast Growth

JBL has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. increased their target price on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday. Barclays raised their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Friday. Finally, UBS Group raised their target price on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.50.

Insiders Place Their Bets

In other news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. This represents a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares of the company’s stock, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 in the last quarter. 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).