1,395 Shares in Jabil Inc. (NYSE:JBL) Bought by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC purchased a new position in shares of Jabil Inc. (NYSE:JBL) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,395 shares of the technology company’s stock, valued at approximately $201,000.

Several other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in Jabil by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after acquiring an additional 90 shares during the period. Verdence Capital Advisors LLC lifted its holdings in Jabil by 2.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after purchasing an additional 91 shares in the last quarter. Gateway Investment Advisers LLC grew its position in shares of Jabil by 3.5% in the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock valued at $376,000 after purchasing an additional 105 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Jabil by 30.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock worth $67,000 after purchasing an additional 109 shares in the last quarter. Finally, Richard P Slaughter Associates Inc raised its position in shares of Jabil by 0.7% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company’s stock worth $2,112,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, SVP Francis Mckay sold 11,755 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the sale, the director now owns 139,108 shares in the company, valued at $17,346,767.60. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,038 shares of company stock worth $8,073,666 in the last 90 days. Insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. Bank of America raised their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. The Goldman Sachs Group upped 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $153.17.

Jabil Stock Up 2.9 %

Shares of NYSE:JBL opened at $167.62 on Wednesday. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $168.80. The stock has a market cap of $18.30 billion, a P/E ratio of 16.07, a PEG ratio of 1.71 and a beta of 1.23. The business has a fifty day moving average of $141.99 and a two-hundred day moving average of $124.14. 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) last announced its quarterly earnings data 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. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. Jabil’s quarterly revenue was down 16.6% on a year-over-year basis. On average, research analysts expect that Jabil Inc. will post 8.03 earnings per share for the current year.

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).