First Horizon Advisors Inc. Boosts Stake in Jabil Inc. (NYSE:JBL)

First Horizon Advisors Inc. increased its position in Jabil Inc. (NYSE:JBL) by 90.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274 shares of the technology company’s stock after buying an additional 130 shares during the period. First Horizon Advisors Inc.’s holdings in Jabil were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC lifted its position in shares of Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock worth $471,000 after buying an additional 70 shares in the last quarter. Greenleaf Trust increased its stake in Jabil by 1.3% during the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after acquiring an additional 72 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in Jabil by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock worth $365,000 after acquiring an additional 80 shares during the last quarter. Van ECK Associates Corp increased its stake in Jabil by 6.0% during the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after acquiring an additional 90 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in Jabil by 2.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock worth $387,000 after acquiring an additional 91 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Down 3.1 %

Shares of NYSE JBL opened at $153.86 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The firm has a market capitalization of $16.80 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.65 and a beta of 1.23. The stock has a 50 day moving average price of $158.75 and a 200 day moving average price of $134.29. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.60 earnings per share. Sell-side analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.21%. Jabil’s dividend payout ratio is currently 3.07%.

Insiders Place Their Bets

In other 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 completion of the sale, the director now owns 12,900 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 over the last 90 days. Company insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on JBL. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. UBS Group boosted their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays boosted their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. The Goldman Sachs Group boosted their price objective on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday. Finally, StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $158.83.

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).