Jabil INC (JBL) Market Value Rose While Evercore Wealth Management LLC Has Raised by $3.48 Million Its Stake

December 8, 2017 - By Vivian Park

Investors sentiment increased to 0.94 in Q2 2017. Its up 0.20, from 0.74 in 2017Q1. It is positive, as 42 investors sold JBL shares while 99 reduced holdings. 39 funds opened positions while 93 raised stakes. 167.30 million shares or 2.37% less from 171.37 million shares in 2017Q1 were reported. Kbc Grp Nv invested 0.04% in Jabil Inc. (NYSE:JBL). Vanguard Group has 13.97M shares. 6.62 million were reported by Goldman Sachs Gp. Pggm Invs owns 113,091 shares or 0.02% of their US portfolio. Guggenheim Capital stated it has 0.03% of its portfolio in Jabil Inc. (NYSE:JBL). Millennium Mngmt Llc accumulated 478,900 shares. Koch Industries stated it has 0.08% in Jabil Inc. (NYSE:JBL). Geode Mngmt Lc holds 0.02% of its portfolio in Jabil Inc. (NYSE:JBL) for 1.46 million shares. Ahl Prtnrs Llp owns 125,581 shares. Wisconsin-based State Of Wisconsin Invest Board has invested 0% in Jabil Inc. (NYSE:JBL). Inv Counselors Of Maryland Ltd Liability Co owns 0.11% invested in Jabil Inc. (NYSE:JBL) for 71,447 shares. Earnest Limited Liability Company has invested 0.29% in Jabil Inc. (NYSE:JBL). California Employees Retirement Sys invested in 0.03% or 672,415 shares. Moreover, Diligent Investors Ltd Liability has 0.22% invested in Jabil Inc. (NYSE:JBL). Pacad Inv has 0.1% invested in Jabil Inc. (NYSE:JBL).

Evercore Wealth Management Llc increased its stake in Jabil Inc (JBL) by 600% based on its latest 2017Q2 regulatory filing with the SEC. Evercore Wealth Management Llc bought 120,000 shares as the company’s stock rose 10.30% with the market. The institutional investor held 140,000 shares of the technology company at the end of 2017Q2, valued at $4.09M, up from 20,000 at the end of the previous reported quarter. Evercore Wealth Management Llc who had been investing in Jabil Inc for a number of months, seems to be bullish on the $4.90 billion market cap company. The stock increased 0.58% or $0.16 during the last trading session, reaching $27.72. About 2.68 million shares traded or 9.19% up from the average. Jabil Inc. (NYSE:JBL) has risen 66.26% since December 8, 2016 and is uptrending. It has outperformed by 49.56% the S&P500.

Evercore Wealth Management Llc, which manages about $4.87 billion and $2.59 billion US Long portfolio, decreased its stake in Nxp Semiconductors N V (NASDAQ:NXPI) by 40,671 shares to 511,077 shares, valued at $55.94M in 2017Q2, according to the filing. It also reduced its holding in Autozone Inc (NYSE:AZO) by 6,574 shares in the quarter, leaving it with 70,992 shares, and cut its stake in Albany Molecular Resh Inc (NASDAQ:AMRI).

More important recent Jabil Inc. (NYSE:JBL) news were published by: Bizjournals.com which released: “What Jabil’s new director signals about the company’s future” on November 30, 2017, also Nasdaq.com published article titled: “Dynamic Technology Lab Private Ltd Buys Jabil Inc, Thor Industries Inc, IHS …”, Nasdaq.com published: “Jabil Inc. (JBL) Ex-Dividend Date Scheduled for November 14, 2017” on November 13, 2017. More interesting news about Jabil Inc. (NYSE:JBL) was released by: Forbes.com and their article: “Ex-Dividend Reminder: KLA-Tencor, Jabil and Mobile Mini” with publication date: November 10, 2017.

Jabil Inc. (NYSE:JBL) Ratings Coverage

Among 15 analysts covering Jabil Circuit (NYSE:JBL), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. Jabil Circuit had 49 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was maintained by UBS with “Neutral” on Thursday, June 16. The stock of Jabil Inc. (NYSE:JBL) has “Hold” rating given on Thursday, September 22 by Standpoint Research. On Thursday, June 15 the stock rating was maintained by UBS with “Buy”. RBC Capital Markets maintained Jabil Inc. (NYSE:JBL) rating on Monday, January 25. RBC Capital Markets has “Sector Perform” rating and $23 target. The stock of Jabil Inc. (NYSE:JBL) earned “Neutral” rating by UBS on Wednesday, September 9. Needham maintained Jabil Inc. (NYSE:JBL) on Wednesday, August 30 with “Buy” rating. Raymond James upgraded the shares of JBL in report on Friday, July 15 to “Strong Buy” rating. RBC Capital Markets maintained Jabil Inc. (NYSE:JBL) rating on Friday, September 25. RBC Capital Markets has “Sector Perform” rating and $25 target. The rating was maintained by B. Riley & Co on Thursday, March 17 with “Buy”. The rating was upgraded by UBS to “Buy” on Wednesday, September 21.

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