Jabil Circuit, Inc. (NYSE:JBL) President William E. Peters sold 32,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $27.53, for a total transaction of $880,960.00. Following the completion of the transaction, the president now owns 733,422 shares of the company’s stock, valued at $20,191,107.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Jabil Circuit, Inc. (NYSE:JBL) opened at 28.93 on Tuesday. Jabil Circuit, Inc. has a 12-month low of $16.78 and a 12-month high of $29.19. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 26.20 and a beta of 0.86. The stock’s 50 day moving average is $25.68 and its 200-day moving average is $22.99.
Jabil Circuit (NYSE:JBL) last announced its earnings results on Wednesday, March 15th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.36 billion. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Equities analysts anticipate that Jabil Circuit, Inc. will post $2.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.11%. Jabil Circuit’s dividend payout ratio (DPR) is 28.83%.
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A number of institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP raised its position in Jabil Circuit by 8.8% in the third quarter. First Trust Advisors LP now owns 723,172 shares of the company’s stock worth $15,780,000 after buying an additional 58,270 shares during the period. Mutual of America Capital Management LLC raised its position in Jabil Circuit by 0.7% in the third quarter. Mutual of America Capital Management LLC now owns 146,260 shares of the company’s stock worth $3,191,000 after buying an additional 1,011 shares during the period. Quantbot Technologies LP purchased a new position in Jabil Circuit during the third quarter worth $2,070,000. Virginia Retirement Systems ET AL purchased a new position in Jabil Circuit during the third quarter worth $209,000. Finally, Peregrine Capital Management LLC purchased a new position in Jabil Circuit during the third quarter worth $10,175,000. Hedge funds and other institutional investors own 94.69% of the company’s stock.
JBL has been the subject of several analyst reports. Standpoint Research upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research note on Tuesday, November 22nd. B. Riley upgraded shares of Jabil Circuit from a “neutral” rating to a “buy” rating in a research report on Thursday, December 15th. Zacks Investment Research upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, December 21st. Needham & Company LLC upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Thursday, March 16th. Finally, Deutsche Bank AG restated a “hold” rating and set a $22.00 price objective (up from $20.00) on shares of Jabil Circuit in a research report on Monday, December 19th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.58.
Jabil Circuit Company Profile
Jabil circuit, Inc provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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