Virtu Financial LLC Purchases 9,239 Shares of Jabil Inc. (NYSE:JBL)

Virtu Financial LLC lifted its holdings in Jabil Inc. (NYSE:JBL) by 157.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,091 shares of the technology company’s stock after buying an additional 9,239 shares during the period. Virtu Financial LLC’s holdings in Jabil were worth $1,808,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JBL. FMR LLC increased its holdings in Jabil by 11.3% in the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares in the last quarter. Primecap Management Co. CA grew its position in shares of Jabil by 0.3% during the 3rd quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company’s stock worth $442,479,000 after buying an additional 9,685 shares during the period. Pacer Advisors Inc. lifted its position in shares of Jabil by 12,251.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after acquiring an additional 2,188,521 shares during the period. Dimensional Fund Advisors LP boosted its stake in Jabil by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company’s stock worth $178,058,000 after acquiring an additional 106,808 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Jabil by 29.0% in the second quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after purchasing an additional 310,590 shares during the period. 93.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Matthew Crowley sold 1,380 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the transaction, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. The trade was a 6.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now owns 41,507 shares of the company’s stock, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,689 shares of company stock valued at $5,377,431. Corporate insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JBL. Bank of America upped their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Stifel Nicolaus raised their price objective on Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lowered their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Finally, Barclays lifted their price target on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.17.

Jabil Stock Performance

Shares of Jabil stock opened at $133.64 on Friday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The business has a 50 day moving average price of $129.24 and a 200-day moving average price of $117.46. The company has a market cap of $15.08 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. Jabil’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.34 EPS. Equities analysts anticipate that Jabil Inc. will post 7.89 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, November 15th. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Jabil Company Profile

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).