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

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

Several other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Jabil in the 4th quarter valued at $27,000. Millstone Evans Group LLC purchased a new position in Jabil during the 4th quarter worth $37,000. Brooklyn Investment Group acquired a new stake in shares of Jabil in the 3rd quarter worth $39,000. First Horizon Advisors Inc. boosted its holdings in shares of Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after acquiring an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Jabil during the fourth quarter worth about $43,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Price Performance

JBL traded down $3.43 during midday trading on Friday, reaching $135.97. 996,341 shares of the company's stock were exchanged, compared to its average volume of 1,438,985. The business's 50-day moving average price is $154.45 and its 200 day moving average price is $139.59. The stock has a market capitalization of $14.84 billion, a PE ratio of 13.04, a P/E/G ratio of 1.65 and a beta of 1.19. 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.

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Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. Jabil's quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. Jabil's dividend payout ratio (DPR) is 7.66%.

Insiders Place Their Bets

In other Jabil 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 transaction, the director now owns 12,900 shares of the company's stock, valued at $2,093,283. This represents a 20.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the sale, the director now directly owns 119,108 shares of the company's stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 in the last ninety days. Insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. The Goldman Sachs Group boosted their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. increased their price target on shares of Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, March 21st. UBS Group upped their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Jabil currently has an average rating of "Moderate Buy" and an average target price of $167.50.

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).