Whalen Wealth Management Inc. Purchases New Position in Jabil Inc. (NYSE:JBL)

Whalen Wealth Management Inc. acquired a new position in shares of Jabil Inc. (NYSE:JBL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,827 shares of the technology company’s stock, valued at approximately $263,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Jabil during the third quarter worth $32,000. Brooklyn Investment Group acquired a new stake in Jabil during the 3rd quarter worth $39,000. Matrix Trust Co lifted its holdings in Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after acquiring an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in Jabil by 114.0% in 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 during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Jabil by 30.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock worth $67,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other news, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now owns 119,108 shares of the company’s stock, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,038 shares of company stock worth $5,579,666 over the last ninety days. 1.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on JBL shares. The Goldman Sachs Group lifted their price objective on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays raised their price objective on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. UBS Group upped 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, Bank of America lifted their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $153.17.

Jabil Stock Up 0.9 %

Jabil stock opened at $169.04 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $170.80. The company has a fifty day simple moving average of $142.73 and a 200 day simple moving average of $124.45. The company has a market cap of $18.46 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter last year, the company earned $2.60 EPS. Jabil’s revenue for the quarter was down 16.6% compared to the same quarter last year. Research analysts anticipate that Jabil Inc. will post 8.03 earnings per share for the current fiscal year.

Jabil 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).