Arcus Capital Partners LLC Takes $257,000 Position in Jabil Inc. (NYSE:JBL)

Arcus Capital Partners LLC bought a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,917 shares of the technology company's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. Capital Performance Advisors LLP bought a new position in shares of Jabil in the 3rd quarter valued at $32,000. GHP Investment Advisors Inc. bought a new position in shares of Jabil in the 4th quarter valued at $43,000. Brooklyn Investment Group bought a new position in shares of Jabil in the 3rd quarter valued at $39,000. MassMutual Private Wealth & Trust FSB increased its holdings in Jabil by 30.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company's stock valued at $67,000 after purchasing an additional 109 shares during the period. Finally, R Squared Ltd acquired a new stake in Jabil in the fourth quarter valued at $81,000. 93.39% of the stock is currently owned by institutional investors.

Insider Transactions at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were 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 $2,093,283. This trade represents a 20.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares of the company's stock, valued at approximately $20,744,490.32. The trade was a 2.81 % 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 quarter. Insiders own 1.73% of the company's stock.

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Analyst Ratings Changes

JBL has been the subject of a number of recent research reports. Stifel Nicolaus restated a "buy" rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays increased their price target on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. The Goldman Sachs Group increased their price target on Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. UBS Group increased their price target on Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Finally, StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Jabil presently has a consensus rating of "Moderate Buy" and an average price target of $153.17.

Jabil Stock Down 0.1 %

NYSE JBL traded down $0.22 during trading hours on Tuesday, hitting $169.43. The company's stock had a trading volume of 1,067,733 shares, compared to its average volume of 1,300,466. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company's 50-day simple moving average is $155.32 and its two-hundred day simple moving average is $131.77. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $18.50 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.64 and a beta of 1.23.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.99 billion for the quarter, compared to analysts' expectations of $6.61 billion. During the same quarter last year, the firm earned $2.60 EPS. The company's quarterly revenue was down 16.6% compared to the same quarter last year. Research analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. Jabil's payout ratio is currently 3.07%.

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).