Jabil Circuit, Inc. (NYSE:JBL) EVP Courtney J. Ryan sold 35,000 shares of Jabil Circuit stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $27.45, for a total value of $960,750.00. Following the transaction, the executive vice president now owns 387,855 shares of the company’s stock, valued at approximately $10,646,619.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Jabil Circuit, Inc. (NYSE:JBL) opened at 28.93 on Tuesday. The stock has a 50 day moving average of $25.68 and a 200-day moving average of $22.99. The firm has a market capitalization of $5.27 billion, a P/E 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.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data on Wednesday, March 15th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. The business earned $4.45 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the firm posted $0.57 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts expect that Jabil Circuit, Inc. will post $2.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, February 13th. Jabil Circuit’s dividend payout ratio is currently 28.83%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners increased its position in Jabil Circuit by 13.4% in the third quarter. Boston Partners now owns 12,616,993 shares of the company’s stock worth $275,302,000 after buying an additional 1,488,126 shares in the last quarter. BlackRock Fund Advisors increased its position in Jabil Circuit by 4.2% in the third quarter. BlackRock Fund Advisors now owns 6,943,708 shares of the company’s stock worth $151,512,000 after buying an additional 281,669 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Jabil Circuit by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,529,340 shares of the company’s stock worth $130,883,000 after buying an additional 273,598 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in Jabil Circuit by 4.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,346,246 shares of the company’s stock worth $79,206,000 after buying an additional 138,536 shares in the last quarter. Finally, Norges Bank bought a new position in Jabil Circuit during the fourth quarter worth $54,769,000. 94.69% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the company. Goldman Sachs Group Inc lifted their price target on Jabil Circuit from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, March 16th. Stifel Nicolaus raised their price objective on shares of Jabil Circuit from $23.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, March 16th. 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. Royal Bank of Canada raised their price objective on shares of Jabil Circuit from $24.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 13th. Finally, Standpoint Research downgraded shares of Jabil Circuit from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.58.
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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