FORA Capital LLC Has $4.27 Million Holdings in Jabil Inc. (NYSE:JBL)

FORA Capital LLC raised its position in Jabil Inc. (NYSE:JBL) by 139.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 35,601 shares of the technology company’s stock after purchasing an additional 20,707 shares during the period. FORA Capital LLC’s holdings in Jabil were worth $4,266,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of JBL. Cetera Investment Advisers boosted its position in shares of Jabil by 141.7% during the 1st quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after purchasing an additional 10,173 shares in the last quarter. CCM Investment Advisers LLC increased its stake in shares of Jabil by 6.0% in the 2nd quarter. CCM Investment Advisers LLC now owns 149,208 shares of the technology company’s stock valued at $16,232,000 after acquiring an additional 8,405 shares in the last quarter. Foster & Motley Inc. lifted its position in shares of Jabil by 8.7% during the 3rd quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after acquiring an additional 4,181 shares during the period. Nicola Wealth Management LTD. boosted its stake in Jabil by 54.9% during the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after acquiring an additional 14,000 shares in the last quarter. Finally, Comerica Bank boosted its stake in Jabil by 68.5% during the first quarter. Comerica Bank now owns 42,709 shares of the technology company’s stock worth $5,721,000 after acquiring an additional 17,355 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Stock Down 0.6 %

NYSE JBL traded down $0.82 during trading hours on Wednesday, hitting $131.90. The company’s stock had a trading volume of 68,138 shares, compared to its average volume of 1,433,691. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The company’s 50-day simple moving average is $124.39 and its two-hundred day simple moving average is $115.92. The company has a market capitalization of $14.88 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter last year, the company earned $2.34 earnings per share. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. Research analysts anticipate that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil’s payout ratio is 2.90%.

Wall Street Analysts Forecast Growth

JBL has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. dropped their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Bank of America raised their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Barclays boosted their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Activity

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the transaction, the executive vice president now owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. The trade was a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the transaction, the executive vice president now owns 108,753 shares of the company’s stock, valued at $12,908,981.10. This trade represents a 3.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,689 shares of company stock worth $5,377,431 over the last quarter. Insiders own 2.62% of the company’s stock.

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).