Arcus Capital Partners LLC Buys Shares of 1,917 Jabil Inc. (NYSE:JBL)

Arcus Capital Partners LLC purchased a new stake in Jabil Inc. (NYSE:JBL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,917 shares of the technology company’s stock, valued at approximately $257,000.

Several other large investors have also modified their holdings of the business. Vontobel Holding Ltd. lifted its stake in Jabil by 44.6% in the 4th quarter. Vontobel Holding Ltd. now owns 8,523 shares of the technology company’s stock valued at $1,226,000 after buying an additional 2,628 shares in the last quarter. Sawgrass Asset Management LLC raised its holdings in shares of Jabil by 42.2% in the fourth quarter. Sawgrass Asset Management LLC now owns 3,503 shares of the technology company’s stock worth $504,000 after acquiring an additional 1,039 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Jabil by 1,327.3% in the fourth quarter. Van ECK Associates Corp now owns 22,680 shares of the technology company’s stock worth $3,264,000 after acquiring an additional 21,091 shares during the last quarter. Edmp Inc. lifted its position in shares of Jabil by 9.6% in the fourth quarter. Edmp Inc. now owns 3,959 shares of the technology company’s stock valued at $570,000 after acquiring an additional 347 shares in the last quarter. Finally, UNICOM Systems Inc. acquired a new stake in shares of Jabil during the fourth quarter valued at $2,216,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBL has been the subject of several analyst reports. Barclays boosted their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. UBS Group lifted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group increased their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Jabil Stock Down 0.1 %

Shares of NYSE JBL opened at $168.61 on Friday. The stock has a market capitalization of $18.41 billion, a PE ratio of 16.17, a P/E/G ratio of 1.64 and a beta of 1.23. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a fifty day moving average of $153.20 and a 200-day moving average of $130.16. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.60 earnings per share. On average, analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.19%. Jabil’s payout ratio is 3.07%.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.

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).