Florida Financial Advisors LLC Has $447,000 Stock Holdings in Jabil, Inc. (NYSE:JBL)

Florida Financial Advisors LLC lowered its position in shares of Jabil, Inc. (NYSE:JBL) by 49.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,301 shares of the technology company’s stock after selling 3,293 shares during the quarter. Florida Financial Advisors LLC’s holdings in Jabil were worth $447,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of JBL. Wellington Management Group LLP raised its stake in Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after buying an additional 5,800,535 shares during the period. Norges Bank acquired a new stake in shares of Jabil during the fourth quarter worth about $218,430,000. Point72 Asset Management L.P. raised its position in shares of Jabil by 1,007.6% during the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company’s stock worth $138,954,000 after purchasing an additional 878,444 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Jabil by 16,190.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company’s stock valued at $79,539,000 after purchasing an additional 549,347 shares during the period. Finally, GAMMA Investing LLC increased its stake in Jabil by 17,410.3% during the 1st quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company’s stock worth $71,431,000 after purchasing an additional 521,960 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In other news, EVP Andrew Priestley sold 13,913 shares of Jabil stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the transaction, the executive vice president directly owned 53,528 shares in the company, valued at approximately $10,875,283.76. The trade was a 20.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Dastoor sold 18,234 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $191.66, for a total value of $3,494,728.44. Following the transaction, the chief executive officer directly owned 203,459 shares in the company, valued at $38,994,951.94. The trade was a 8.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,431 shares of company stock worth $58,163,159 over the last ninety days. Company insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on JBL shares. Barclays lifted their price target on shares of Jabil from $206.00 to $223.00 and gave the company an “overweight” rating in a research note on Tuesday, June 17th. The Goldman Sachs Group boosted their price objective on shares of Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on Jabil from $180.00 to $214.00 and gave the company an “overweight” rating in a research note on Wednesday, June 18th. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Bank of America increased their price objective on Jabil from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, June 20th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $225.71.

Jabil Price Performance

Shares of NYSE JBL opened at $220.66 on Tuesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. The business has a 50-day moving average of $185.78 and a 200-day moving average of $161.53. The stock has a market capitalization of $23.68 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 1.56 and a beta of 1.20. Jabil, Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $227.54.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 earnings per share. As a group, sell-side analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Thursday, May 15th. Jabil’s dividend payout ratio (DPR) is presently 6.21%.

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).