Jabil Circuit, Inc. (NYSE:JBL) Director Thomas A. Sansone sold 25,000 shares of Jabil Circuit stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $31.25, for a total value of $781,250.00. Following the completion of the transaction, the director now owns 176,688 shares of the company’s stock, valued at approximately $5,521,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Jabil Circuit, Inc. (NYSE:JBL) traded down 3.33% during midday trading on Friday, reaching $28.46. The company’s stock had a trading volume of 4,454,927 shares. Jabil Circuit, Inc. has a 52 week low of $17.27 and a 52 week high of $31.70. The company’s 50-day moving average is $29.66 and its 200 day moving average is $26.53. The firm has a market capitalization of $5.19 billion, a P/E ratio of 35.49 and a beta of 0.58.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data on Wednesday, June 14th. The technology company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Jabil Circuit had a net margin of 0.66% and a return on equity of 12.16%. The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same period last year, the company posted $0.17 EPS. The company’s revenue was up 4.1% on a year-over-year basis. Analysts expect that Jabil Circuit, Inc. will post $2.10 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.12%. Jabil Circuit’s dividend payout ratio (DPR) is 50.00%.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Advantus Capital Management Inc boosted its position in shares of Jabil Circuit by 0.4% in the third quarter. Advantus Capital Management Inc now owns 23,257 shares of the technology company’s stock worth $507,000 after buying an additional 102 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Jabil Circuit by 1.3% in the first quarter. PNC Financial Services Group Inc. now owns 8,194 shares of the technology company’s stock worth $236,000 after buying an additional 109 shares during the period. Greenwich Wealth Management LLC boosted its position in shares of Jabil Circuit by 1.0% in the first quarter. Greenwich Wealth Management LLC now owns 24,330 shares of the technology company’s stock worth $704,000 after buying an additional 230 shares during the period. Pegasus Partners Ltd. boosted its position in shares of Jabil Circuit by 0.7% in the first quarter. Pegasus Partners Ltd. now owns 32,719 shares of the technology company’s stock worth $946,000 after buying an additional 232 shares during the period. Finally, Creative Planning boosted its position in shares of Jabil Circuit by 2.0% in the first quarter. Creative Planning now owns 18,157 shares of the technology company’s stock worth $525,000 after buying an additional 351 shares during the period. 95.26% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on JBL. Royal Bank of Canada lifted their price target on Jabil Circuit from $27.00 to $31.00 and gave the company a “sector perform” rating in a research note on Thursday. Stifel Nicolaus lifted their price target on Jabil Circuit from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of Jabil Circuit in a research note on Tuesday. ValuEngine upgraded Jabil Circuit from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered Jabil Circuit from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Jabil Circuit presently has a consensus rating of “Hold” and an average price target of $25.67.
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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