AQR Capital Management LLC Has $118.62 Million Stake in Jabil Circuit, Inc. (JBL)

AQR Capital Management LLC cut its stake in Jabil Circuit, Inc. (NYSE:JBL) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,101,526 shares of the technology company’s stock after selling 209,780 shares during the period. AQR Capital Management LLC owned approximately 2.25% of Jabil Circuit worth $118,616,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in Jabil Circuit during the fourth quarter valued at approximately $5,195,000. Commerzbank Aktiengesellschaft FI raised its stake in Jabil Circuit by 10.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 25,851 shares of the technology company’s stock valued at $612,000 after buying an additional 2,442 shares during the period. Dimensional Fund Advisors LP raised its stake in Jabil Circuit by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,529,340 shares of the technology company’s stock valued at $130,883,000 after buying an additional 273,598 shares during the period. Aviva PLC raised its stake in Jabil Circuit by 5.2% in the fourth quarter. Aviva PLC now owns 115,923 shares of the technology company’s stock valued at $2,745,000 after buying an additional 5,690 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in Jabil Circuit during the fourth quarter valued at approximately $2,107,000. Hedge funds and other institutional investors own 95.40% of the company’s stock.

Institutional Ownership by Quarter for Jabil Circuit (NYSE:JBL)

Shares of Jabil Circuit, Inc. (JBL) traded up 2.39% on Monday, hitting $29.14. 2,956,780 shares of the company were exchanged. The stock has a market capitalization of $5.31 billion, a PE ratio of 36.33 and a beta of 0.58. Jabil Circuit, Inc. has a 52-week low of $17.27 and a 52-week high of $31.70. The firm’s 50-day moving average is $29.66 and its 200-day moving average is $26.53.

Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data on Wednesday, June 14th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. Jabil Circuit had a net margin of 0.66% and a return on equity of 12.27%. The firm had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts predict that Jabil Circuit, Inc. will post $2.10 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, May 11th. Jabil Circuit’s payout ratio is currently 50.00%.

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JBL has been the subject of several analyst reports. Raymond James Financial, Inc. restated a “market perform” rating and issued a $26.00 price objective on shares of Jabil Circuit in a research note on Tuesday, February 28th. They noted that the move was a valuation call. Standpoint Research lowered Jabil Circuit from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. Royal Bank Of Canada increased their price target on Jabil Circuit from $24.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 13th. Needham & Company LLC upgraded Jabil Circuit from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, March 16th. Finally, Stifel Nicolaus increased their price target on Jabil Circuit from $23.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, March 16th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.18.

In related news, CEO Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $28.62, for a total transaction of $572,400.00. Following the sale, the chief executive officer now directly owns 2,017,619 shares of the company’s stock, valued at approximately $57,744,255.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas A. Sansone sold 2,355 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $29.25, for a total transaction of $68,883.75. Following the sale, the director now directly owns 176,688 shares in the company, valued at $5,168,124. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,341 shares of company stock worth $7,652,012. 2.90% of the stock is owned by insiders.

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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