Trust Asset Management LLC Invests $212,000 in Jabil Inc. (NYSE:JBL)

by · The Cerbat Gem

Trust Asset Management LLC purchased a new stake in shares of Jabil Inc. (NYSE:JBL – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,475 shares of the technology company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its holdings in Jabil by 30.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock valued at $67,000 after buying an additional 109 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Jabil by 6.5% in the fourth quarter. UMB Bank n.a. now owns 2,321 shares of the technology company’s stock valued at $334,000 after acquiring an additional 142 shares during the period. HB Wealth Management LLC grew its stake in Jabil by 9.3% during the fourth quarter. HB Wealth Management LLC now owns 3,696 shares of the technology company’s stock valued at $532,000 after acquiring an additional 316 shares in the last quarter. Merit Financial Group LLC bought a new stake in Jabil during the 4th quarter worth approximately $235,000. Finally, Ritholtz Wealth Management lifted its stake in Jabil by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 15,105 shares of the technology company’s stock worth $2,174,000 after purchasing an additional 309 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Price Performance

Shares of NYSE:JBL opened at $162.94 on Tuesday. The company’s fifty day moving average is $141.29 and its 200 day moving average is $123.72. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $164.25. The stock has a market cap of $17.79 billion, a PE ratio of 15.62, a PEG ratio of 1.71 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.

Jabil (NYSE:JBL – Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion for 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 for the quarter was down 16.6% compared to the same quarter last year. During the same period last year, the company earned $2.60 EPS. Research analysts anticipate that Jabil Inc. will post 8.03 earnings per share for the current year.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the transaction, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the transaction, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at $5,051,816.97. This represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,038 shares of company stock valued at $8,073,666 in the last quarter. Company insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JBL. Stifel Nicolaus reiterated 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 raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday. UBS Group increased their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Bank of America increased their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, The Goldman Sachs Group lifted 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Check Out Our Latest Analysis on Jabil

Jabil Company 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).

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