Florida Financial Advisors LLC Invests $948,000 in Jabil Inc. (NYSE:JBL)

Florida Financial Advisors LLC acquired a new position in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, Holdings Channel.com reports. The firm acquired 6,594 shares of the technology company’s stock, valued at approximately $948,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Meyer Handelman Co. acquired a new position in Jabil during the fourth quarter worth $7,334,000. Davis Investment Partners LLC bought a new stake in Jabil during the fourth quarter worth $1,433,000. Truist Financial Corp grew its position in Jabil by 50.4% in the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock valued at $1,732,000 after acquiring an additional 4,034 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Jabil in the fourth quarter valued at approximately $235,000. Finally, Keybank National Association OH bought a new stake in Jabil during the 4th quarter worth $214,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. UBS Group increased their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays lifted their price objective on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $167.50.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 in the last three months. 1.73% of the stock is owned by corporate insiders.

Jabil Trading Up 3.2 %

Shares of NYSE JBL opened at $149.89 on Tuesday. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The business’s 50 day moving average is $155.89 and its two-hundred day moving average is $138.73. The stock has a market capitalization of $16.36 billion, a P/E ratio of 14.37, a PEG ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 earnings per share. As a group, research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.21%. Jabil’s dividend payout ratio is presently 7.66%.

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).