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

FORA Capital LLC lowered its position in Jabil Inc. (NYSE:JBL) by 91.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,993 shares of the technology company’s stock after selling 32,608 shares during the quarter. FORA Capital LLC’s holdings in Jabil were worth $431,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Jabil in the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Jabil in the 4th quarter valued at about $29,000. Millstone Evans Group LLC purchased a new position in Jabil during the 4th quarter valued at about $37,000. First Horizon Advisors Inc. raised its position in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Jabil by 113.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock valued at $43,000 after purchasing an additional 158 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.73% of the stock is owned by insiders.

Jabil Stock Down 0.3 %

Shares of NYSE:JBL opened at $153.97 on Friday. 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 firm has a market cap of $16.53 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.65 and a beta of 1.11. The stock’s 50-day moving average price is $138.51 and its two-hundred day moving average price is $143.74. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80.

Jabil (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same period last year, the company earned $1.68 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

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

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).