Florida Financial Advisors LLC Sells 3,293 Shares of Jabil, Inc. (NYSE:JBL)

Florida Financial Advisors LLC trimmed its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 49.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV bought a new stake in shares of Jabil in the 1st quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil during the fourth quarter worth $29,000. Harbor Capital Advisors Inc. boosted its stake in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares in the last quarter. Millstone Evans Group LLC bought a new position in Jabil during the fourth quarter worth $37,000. Finally, Golden State Wealth Management LLC boosted its stake in Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after acquiring an additional 264 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Stock Performance

NYSE JBL traded up $1.29 during trading hours on Friday, reaching $223.52. 626,319 shares of the company were exchanged, compared to its average volume of 1,429,936. The stock has a market capitalization of $23.99 billion, a P/E ratio of 43.40, a P/E/G ratio of 1.53 and a beta of 1.20. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The business's 50 day simple moving average is $191.22 and its 200-day simple moving average is $163.37. Jabil, Inc. has a 1 year low of $95.85 and a 1 year high of $227.54.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The company's revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. On average, equities research analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Insider Transactions at Jabil

In other news, Director Steven A. Raymund sold 15,955 shares of Jabil stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $216.83, for a total value of $3,459,522.65. Following the completion of the transaction, the director owned 99,828 shares in the company, valued at $21,645,705.24. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Priestley sold 13,913 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were 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 owned 53,528 shares of the company's stock, valued at $10,875,283.76. This trade represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,431 shares of company stock valued at $58,163,159. 1.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on JBL. JPMorgan Chase & Co. increased their target price on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research note on Thursday. Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. The Goldman Sachs Group increased their target price on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Barclays raised their price objective on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Finally, Wall Street Zen downgraded shares of Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Jabil has an average rating of "Buy" and a consensus price target of $231.71.

Jabil Company Profile

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).