Whalen Wealth Management Inc. Makes New Investment in Jabil Inc. (NYSE:JBL)

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

Several other large investors also recently modified their holdings of JBL. Capital Performance Advisors LLP acquired a new position in Jabil in the 3rd quarter valued at $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the third quarter valued at about $39,000. Matrix Trust Co grew its stake in shares of Jabil by 135.4% in 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. increased its position in Jabil by 114.0% during the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after acquiring an additional 228 shares during the period. Finally, Sound Income Strategies LLC raised its stake in Jabil by 945.7% in the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after purchasing an additional 435 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 sale, the director now owns 119,108 shares in the company, valued at $18,021,040.40. This represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,038 shares of company stock valued at $5,579,666. 1.73% of the stock is currently owned by insiders.

Jabil Stock Up 0.9 %

Shares of JBL opened at $169.04 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $170.80. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.76 and a beta of 1.23. The stock has a fifty day moving average of $142.73 and a 200-day moving average of $124.45.

Jabil (NYSE:JBL) last posted its 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. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period last year, the company earned $2.60 earnings per share. The business’s quarterly revenue was down 16.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Jabil Inc. will post 8.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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).