Jump Financial LLC Makes New Investment in Jabil Inc. (NYSE:JBL)

Jump Financial LLC acquired a new position in Jabil Inc. (NYSE:JBL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,604 shares of the technology company's stock, valued at approximately $847,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JBL. Cetera Advisor Networks LLC boosted its stake in shares of Jabil by 4.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company's stock worth $246,000 after purchasing an additional 180 shares during the period. Private Advisor Group LLC purchased a new position in shares of Jabil during the 1st quarter worth about $399,000. Great West Life Assurance Co. Can boosted its stake in shares of Jabil by 10.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company's stock worth $5,312,000 after purchasing an additional 7,933 shares during the period. Sei Investments Co. boosted its stake in shares of Jabil by 58.6% during the 1st quarter. Sei Investments Co. now owns 382,918 shares of the technology company's stock worth $23,633,000 after purchasing an additional 141,511 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Jabil by 656.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company's stock worth $1,340,000 after purchasing an additional 18,832 shares during the period. 91.90% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on JBL. Credit Suisse Group boosted their price objective on shares of Jabil from $110.00 to $125.00 in a research report on Friday, June 16th. JPMorgan Chase & Co. began coverage on shares of Jabil in a research report on Wednesday, July 5th. They issued an "overweight" rating and a $110.00 price objective for the company. Bank of America boosted their price objective on shares of Jabil from $91.00 to $108.00 in a research report on Monday, June 12th. Stifel Nicolaus boosted their price objective on shares of Jabil from $90.00 to $105.00 in a research report on Monday, June 12th. Finally, StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $99.88.

Read Our Latest Stock Analysis on Jabil

Shares of NYSE JBL opened at $108.85 on Friday. The company's fifty day moving average price is $104.55 and its 200 day moving average price is $89.68. Jabil Inc. has a 1 year low of $55.26 and a 1 year high of $115.25. The company has a market capitalization of $14.25 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 1.14 and a beta of 1.47. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 1.06.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Thursday, June 15th. The technology company reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $0.12. Jabil had a net margin of 2.77% and a return on equity of 39.61%. The firm had revenue of $8.48 billion for the quarter, compared to the consensus estimate of $8.20 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts predict that Jabil Inc. will post 7.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Monday, August 14th. Jabil's dividend payout ratio is presently 4.51%.

In other Jabil news, Director Anousheh Ansari sold 3,000 shares of the company's stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $108.61, for a total transaction of $325,830.00. Following the completion of the transaction, the director now directly owns 38,000 shares in the company, valued at $4,127,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.75% of the stock is currently owned by company insiders.

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).

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