Jabil INC (JBL) Position Boosted by Evercore Wealth Management Llc

December 8, 2017 - By Ellis Scott

Investors sentiment increased to 0.94 in Q2 2017. Its up 0.20, from 0.74 in 2017Q1. It improved, 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. Tudor Investment Et Al reported 0.02% in Jabil Inc. (NYSE:JBL). Nuveen Asset Management Ltd Limited Liability Company accumulated 420,546 shares. Liberty Mutual Grp Asset Mgmt Incorporated holds 0.08% or 71,731 shares. Wfg Advisors Ltd Partnership holds 0% in Jabil Inc. (NYSE:JBL) or 68 shares. Howe Rusling holds 145 shares. Capital Guardian Tru has 1.94 million shares. James Invest Rech Inc reported 42,915 shares. Advisory Net Ltd Liability Corporation has invested 0% of its portfolio in Jabil Inc. (NYSE:JBL). 926 were reported by Barrow Hanley Mewhinney Strauss Lc. Sei Invs Comm holds 0.01% or 60,877 shares. Alliancebernstein Limited Partnership accumulated 225,086 shares or 0.01% of the stock. 4.28 million are held by Aqr Lc. First Quadrant Ltd Partnership Ca stated it has 0.55% in Jabil Inc. (NYSE:JBL). Dupont Capital Mngmt Corporation invested in 66,863 shares or 0.04% of the stock. Pnc Fin Services Gp has 9,607 shares.

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 $4.90B 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 $4.87B and $2.59 billion US Long portfolio, decreased its stake in Amc Networks Inc (NASDAQ:AMCX) by 227,476 shares to 31,305 shares, valued at $1.67M in 2017Q2, according to the filing. It also reduced its holding in Albany Molecular Resh Inc (NASDAQ:AMRI) by 154,180 shares in the quarter, leaving it with 886,031 shares, and cut its stake in Nxp Semiconductors N V (NASDAQ:NXPI).

More important recent Jabil Inc. (NYSE:JBL) news were published by: Forbes.com which released: “Ex-Dividend Reminder: KLA-Tencor, Jabil and Mobile Mini” on November 10, 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: Bizjournals.com and their article: “What Jabil’s new director signals about the company’s future” with publication date: November 30, 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. On Tuesday, November 22 the stock rating was upgraded by Standpoint Research to “Buy”. The stock has “Neutral” rating by B. Riley & Co on Wednesday, December 7. On Sunday, September 10 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Jabil Inc. (NYSE:JBL) earned “Sector Perform” rating by RBC Capital Markets on Friday, September 25. J.P. Morgan initiated Jabil Inc. (NYSE:JBL) rating on Wednesday, August 2. J.P. Morgan has “Buy” rating and $4000 target. The firm has “Hold” rating given on Thursday, September 22 by Standpoint Research. As per Wednesday, August 30, the company rating was maintained by Needham. On Wednesday, September 13 the stock rating was maintained by RBC Capital Markets with “Hold”. TheStreet downgraded the shares of JBL in report on Thursday, August 27 to “Buy” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, September 22.

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