FORA Capital LLC Decreases Stock Holdings in Jabil Inc. (NYSE:JBL)

FORA Capital LLC cut its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 91.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,993 shares of the technology company's stock after selling 32,608 shares during the period. FORA Capital LLC's holdings in Jabil were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Jabil during the fourth quarter worth approximately $29,000. Millstone Evans Group LLC purchased a new stake in shares of Jabil during the 4th quarter worth approximately $37,000. First Horizon Advisors Inc. boosted its holdings in shares of Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Jabil in the 4th quarter valued at $43,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Trading Down 0.3 %

NYSE:JBL opened at $153.97 on Friday. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. 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 stock's 50 day simple moving average is $138.51 and its 200-day simple moving average is $143.74. The firm has a market cap of $16.53 billion, a P/E ratio of 14.76, a PEG ratio of 1.65 and a beta of 1.11.

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

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is 7.66%.

Insider Activity

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the transaction, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on JBL shares. JPMorgan Chase & Co. decreased their price objective on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Barclays upped their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. UBS Group boosted their price objective on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. The Goldman Sachs Group lowered their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, StockNews.com downgraded shares of Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $158.50.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.