Radnor Capital Management LLC Acquires 869 Shares of Jabil Inc. (NYSE:JBL)

Radnor Capital Management LLC boosted its holdings in Jabil Inc. (NYSE:JBL) by 31.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,669 shares of the technology company’s stock after acquiring an additional 869 shares during the period. Radnor Capital Management LLC’s holdings in Jabil were worth $528,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of JBL. Park Avenue Securities LLC raised its holdings in shares of Jabil by 127.5% during the fourth quarter. Park Avenue Securities LLC now owns 5,595 shares of the technology company’s stock valued at $805,000 after purchasing an additional 3,136 shares during the last quarter. Kathmere Capital Management LLC grew its position in Jabil by 7.0% in the 4th quarter. Kathmere Capital Management LLC now owns 3,393 shares of the technology company’s stock worth $488,000 after purchasing an additional 221 shares during the period. Assenagon Asset Management S.A. raised its stake in Jabil by 1.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 159,058 shares of the technology company’s stock valued at $22,888,000 after buying an additional 1,743 shares during the last quarter. Wright Investors Service Inc. bought a new position in shares of Jabil during the 4th quarter valued at $1,851,000. Finally, Pallas Capital Advisors LLC boosted its stake in shares of Jabil by 8.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,123 shares of the technology company’s stock worth $306,000 after buying an additional 158 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Activity

In related news, Director Steven A. Raymund sold 20,000 shares of the business’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 value of $2,494,000.00. Following the transaction, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the sale, the executive vice president now owns 18,568 shares in the company, valued at approximately $2,336,411.44. The trade was a 6.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,689 shares of company stock worth $8,527,871 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group upped their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus reiterated 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. Finally, StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Jabil Price Performance

NYSE JBL opened at $158.25 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $159.60. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.58 and a beta of 1.23. The company’s 50 day moving average is $139.30 and its two-hundred day moving average is $122.25.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company’s revenue was down 16.6% on a year-over-year basis. During the same period last year, the firm earned $2.60 EPS. As a group, research analysts anticipate that Jabil Inc. will post 7.89 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).