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

MassMutual Private Wealth & Trust FSB lifted its position in Jabil Inc. (NYSE:JBL) by 30.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466 shares of the technology company’s stock after acquiring an additional 109 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Jabil were worth $67,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JBL. Capital Performance Advisors LLP purchased a new position in Jabil during the 3rd quarter valued at about $32,000. Brooklyn Investment Group bought a new position in shares of Jabil during the third quarter valued at approximately $39,000. Matrix Trust Co increased its holdings 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 buying an additional 214 shares during the period. Armstrong Advisory Group Inc. raised 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 worth $51,000 after buying an additional 228 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Jabil by 945.7% during the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after buying an additional 435 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Up 1.4 %

NYSE:JBL opened at $171.37 on Friday. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $171.55. The company’s 50 day moving average is $143.58 and its two-hundred day moving average is $124.78. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market cap of $18.71 billion, a PE ratio of 16.43, a P/E/G ratio of 1.76 and a beta of 1.23.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) 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%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the business posted $2.60 EPS. Analysts anticipate that Jabil Inc. will post 8.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JBL shares. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group boosted their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. UBS Group raised their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Barclays increased their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the sale, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This represents a 14.38 % 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, EVP Frederic E. Mccoy sold 4,283 shares of Jabil stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $122.28, for a total value of $523,725.24. Following the transaction, the executive vice president now owns 142,472 shares of the company’s stock, valued at $17,421,476.16. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,038 shares of company stock worth $5,579,666 over the last quarter. Insiders own 1.73% of the company’s stock.

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).