William E. Peters Sells 32,000 Shares of Jabil Circuit, Inc. (JBL) Stock

Jabil Circuit, Inc. (NYSE:JBL) President William E. Peters sold 32,000 shares of the firm’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 transaction, the president now directly owns 733,422 shares of the company’s stock, valued at $20,191,107.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jabil Circuit, Inc. (NYSE:JBL) opened at 28.93 on Tuesday. The company has a market cap of $5.27 billion, a price-to-earnings 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 firm’s 50-day moving average is $25.68 and its 200 day moving average is $22.99.

Jabil Circuit (NYSE:JBL) last posted its earnings results on Wednesday, March 15th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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 firm earned $4.45 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the business posted $0.57 EPS. The business’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that Jabil Circuit, Inc. will post $2.08 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Jabil Circuit (NYSE:JBL)

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were paid a $0.08 dividend. 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 dividend payout ratio is currently 28.83%.

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Several institutional investors have recently bought and sold shares of JBL. Penserra Capital Management LLC boosted its position in Jabil Circuit by 148.5% in the third quarter. Penserra Capital Management LLC now owns 5,995 shares of the company’s stock valued at $130,000 after buying an additional 3,583 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in Jabil Circuit during the third quarter valued at about $209,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Jabil Circuit during the third quarter valued at about $219,000. Boothbay Fund Management LLC purchased a new position in Jabil Circuit during the fourth quarter valued at about $224,000. Finally, Cetera Advisors LLC purchased a new position in Jabil Circuit during the third quarter valued at about $244,000. Hedge funds and other institutional investors own 94.69% of the company’s stock.

Several research firms recently weighed in on JBL. B. Riley reaffirmed a “neutral” rating and set a $23.00 target price on shares of Jabil Circuit in a research note on Saturday, December 17th. Needham & Company LLC raised shares of Jabil Circuit from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday, March 16th. Royal Bank of Canada raised their target price on shares of Jabil Circuit from $24.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday, March 13th. Standpoint Research raised shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research note on Tuesday, November 22nd. Finally, Zacks Investment Research cut shares of Jabil Circuit from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 22nd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target 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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