Virtu Financial LLC Has $1.81 Million Stock Position in Jabil Inc. (NYSE:JBL)

Virtu Financial LLC lifted its holdings in Jabil Inc. (NYSE:JBL) by 157.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,091 shares of the technology company’s stock after acquiring an additional 9,239 shares during the period. Virtu Financial LLC’s holdings in Jabil were worth $1,808,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Foster & Motley Inc. grew its position in shares of Jabil by 8.7% during the 3rd quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock worth $6,252,000 after purchasing an additional 4,181 shares in the last quarter. Nicola Wealth Management LTD. grew its position in Jabil by 54.9% during the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after buying an additional 14,000 shares in the last quarter. Empowered Funds LLC grew its position in Jabil by 11.8% during the third quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock worth $17,457,000 after buying an additional 15,413 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in Jabil during the 2nd quarter worth $3,937,000. Finally, BNP Paribas Financial Markets raised its holdings in Jabil by 58.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 192,815 shares of the technology company’s stock valued at $23,105,000 after acquiring an additional 71,292 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays boosted their target price 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. StockNews.com raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.17.

Jabil Trading Down 0.0 %

Shares of Jabil stock opened at $133.64 on Friday. The firm has a market capitalization 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. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The firm’s 50 day moving average is $129.24 and its 200 day moving average is $117.46. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same period in the prior year, the business earned $2.34 earnings per share. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities research analysts forecast 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. Stockholders of record on Friday, November 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, November 15th. Jabil’s dividend payout ratio (DPR) is currently 2.90%.

Insider Activity

In related news, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value 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. The trade was a 22.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock valued at $5,377,431 over the last quarter. 2.62% of the stock is owned by company insiders.

Jabil 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).