Jabil Circuit, Inc. (NYSE:JBL) Director Thomas A. Sansone sold 25,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $27.25, for a total transaction of $681,250.00. Following the completion of the transaction, the director now directly owns 176,688 shares of the company’s stock, valued at approximately $4,814,748. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Jabil Circuit, Inc. (NYSE:JBL) opened at 28.93 on Tuesday. The company has a market capitalization of $5.27 billion, a PE ratio of 26.20 and a beta of 0.86. Jabil Circuit, Inc. has a 52-week low of $16.78 and a 52-week high of $29.19. The company has a 50-day moving average of $25.68 and a 200 day moving average of $22.99.
Jabil Circuit (NYSE:JBL) last released its quarterly earnings results on Wednesday, March 15th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm earned $4.45 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. Analysts predict that Jabil Circuit, Inc. will post $2.08 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, February 13th. Jabil Circuit’s payout ratio is currently 28.83%.
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Several equities analysts have recently issued reports on the stock. Goldman Sachs Group Inc boosted their price target on shares of Jabil Circuit from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, March 16th. Stifel Nicolaus boosted their price target on shares of Jabil Circuit from $23.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, March 16th. Needham & Company LLC raised shares of Jabil Circuit from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Thursday, March 16th. Royal Bank of Canada boosted their price target on shares of Jabil Circuit from $24.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 13th. Finally, Standpoint Research lowered shares of Jabil Circuit from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $24.58.
Several institutional investors have recently added to or reduced their stakes in JBL. Fox Run Management L.L.C. acquired a new position in Jabil Circuit during the third quarter valued at about $251,000. Bank of Montreal Can increased its position in Jabil Circuit by 1.2% in the third quarter. Bank of Montreal Can now owns 103,421 shares of the company’s stock valued at $2,257,000 after buying an additional 1,232 shares during the last quarter. Meeder Asset Management Inc. increased its position in Jabil Circuit by 493.7% in the third quarter. Meeder Asset Management Inc. now owns 40,401 shares of the company’s stock valued at $882,000 after buying an additional 33,596 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Jabil Circuit by 1.3% in the third quarter. Great West Life Assurance Co. Can now owns 196,209 shares of the company’s stock valued at $4,276,000 after buying an additional 2,495 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Jabil Circuit during the third quarter valued at about $219,000. 94.69% of the stock is owned by hedge funds and other institutional investors.
About Jabil Circuit
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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