Jabil Inc. (NYSE:JBL) Shares Bought by Virtu Financial LLC

Virtu Financial LLC grew its position in Jabil Inc. (NYSE:JBL - Free Report) by 157.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,091 shares of the technology company's stock after buying an additional 9,239 shares during the quarter. Virtu Financial LLC's holdings in Jabil were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in Jabil by 5,114.9% in the second quarter. Assenagon Asset Management S.A. now owns 146,591 shares of the technology company's stock valued at $15,948,000 after buying an additional 143,780 shares during the last quarter. Blue Trust Inc. lifted its stake in Jabil by 89.6% during the second quarter. Blue Trust Inc. now owns 1,936 shares of the technology company's stock worth $211,000 after purchasing an additional 915 shares during the last quarter. Stanley Laman Group Ltd. acquired a new position in Jabil in the second quarter valued at approximately $3,937,000. Oakworth Capital Inc. purchased a new position in Jabil in the second quarter valued at approximately $184,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Jabil during the second quarter worth approximately $624,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America raised their price target on Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Barclays raised their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. JPMorgan Chase & Co. reduced their price target on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, September 3rd. Stifel Nicolaus increased their price target on shares of Jabil from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Jabil presently has a consensus rating of "Moderate Buy" and an average price target of $145.17.

Insider Transactions at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,283 shares of the firm's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $122.28, for a total value of $523,725.24. Following the completion of the transaction, the executive vice president now owns 142,472 shares of the company's stock, valued at approximately $17,421,476.16. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,689 shares of company stock valued at $5,377,431 in the last ninety days. 2.62% of the stock is currently owned by company insiders.

Jabil Stock Performance

Shares of NYSE:JBL traded up $1.49 during midday trading on Friday, hitting $135.13. The stock had a trading volume of 741,626 shares, compared to its average volume of 1,413,739. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94. 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 stock has a 50 day moving average price of $129.51 and a two-hundred day moving average price of $117.57. The company has a market capitalization of $15.25 billion, a PE ratio of 12.26, a P/E/G ratio of 1.57 and a beta of 1.25.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion for 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%. The firm's revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.34 EPS. As a group, equities analysts predict that Jabil Inc. will post 7.89 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil's payout ratio is currently 2.90%.

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).