Jabil Circuit, Inc. (NYSE:JBL) President William E. Peters sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $28.50, for a total value of $313,500.00. Following the completion of the sale, the president now owns 700,422 shares of the company’s stock, valued at approximately $19,962,027. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Jabil Circuit, Inc. (NYSE:JBL) traded up 0.45% during trading on Monday, hitting $28.93. The stock had a trading volume of 2,510,088 shares. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 26.20 and a beta of 0.86. The stock has a 50 day moving average price of $25.68 and a 200-day moving average price of $22.99. Jabil Circuit, Inc. has a 12 month low of $16.78 and a 12 month high of $29.19.
Jabil Circuit (NYSE:JBL) last released its earnings results on Wednesday, March 15th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. Jabil Circuit had a return on equity of 11.81% and a net margin of 1.15%. The firm earned $4.45 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the business posted $0.57 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Jabil Circuit, Inc. will post $2.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were given 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 of this dividend was Monday, February 13th. Jabil Circuit’s dividend payout ratio is currently 28.83%.
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A number of analysts recently weighed in on JBL shares. B. Riley downgraded Jabil Circuit from a “buy” rating to a “neutral” rating and set a $24.00 target price for the company. in a research report on Monday, December 12th. Deutsche Bank AG reiterated a “hold” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Jabil Circuit in a research report on Monday, December 19th. Zacks Investment Research downgraded Jabil Circuit from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Raymond James Financial, Inc. downgraded Jabil Circuit from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, March 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $23.00 price objective on shares of Jabil Circuit in a research report on Thursday, December 15th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Jabil Circuit has a consensus rating of “Hold” and a consensus price target of $24.58.
Several hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its stake 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 $209,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Jabil Circuit during the third quarter valued at $219,000. Boothbay Fund Management LLC purchased a new position in Jabil Circuit during the fourth quarter valued at $224,000. Finally, Cetera Advisors LLC purchased a new position in Jabil Circuit during the third quarter valued at $244,000. Hedge funds and other institutional investors own 94.69% of the company’s stock.
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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