MassMutual Private Wealth & Trust FSB Acquires 109 Shares of Jabil Inc. (NYSE:JBL)

MassMutual Private Wealth & Trust FSB lifted its holdings in Jabil Inc. (NYSE:JBLFree Report) by 30.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 466 shares of the technology company’s stock after acquiring an additional 109 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Jabil were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in Jabil in the 3rd quarter worth approximately $32,000. Brooklyn Investment Group bought a new position in shares of Jabil during the third quarter worth $39,000. Matrix Trust Co grew its stake in Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after acquiring an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in Jabil by 114.0% during the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after acquiring an additional 228 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Jabil by 945.7% in the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock valued at $58,000 after acquiring an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 1.4 %

NYSE JBL opened at $171.37 on Friday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $171.55. The firm has a market capitalization of $18.71 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.76 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 company has a fifty day moving average of $143.58 and a two-hundred day moving average of $124.78.

Jabil (NYSE:JBLGet Free Report) last issued its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm’s revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.60 EPS. On average, analysts predict that Jabil Inc. will post 8.03 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,038 shares of company stock valued at $5,579,666. Insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on JBL shares. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday. Bank of America lifted their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group increased their target price on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Barclays upped their price target 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $153.17.

Get Our Latest Report on Jabil

Jabil Profile

(Free Report)

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).

Read More

Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil Inc. (NYSE:JBLFree Report).

Institutional Ownership by Quarter for Jabil (NYSE:JBL)

Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.