Schroder Investment Management Group lowered its stake in shares of Jabil Circuit Inc. (NYSE:JBL) by 25.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,145 shares of the company’s stock after selling 15,416 shares during the period. Schroder Investment Management Group’s holdings in Jabil Circuit were worth $834,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in JBL. Norges Bank purchased a new position in shares of Jabil Circuit during the fourth quarter valued at approximately $46,756,000. PGGM Investments raised its position in shares of Jabil Circuit by 2.5% in the first quarter. PGGM Investments now owns 117,746 shares of the company’s stock valued at $2,269,000 after buying an additional 2,873 shares during the period. Aperio Group LLC raised its position in shares of Jabil Circuit by 47.1% in the first quarter. Aperio Group LLC now owns 55,686 shares of the company’s stock valued at $1,073,000 after buying an additional 17,826 shares during the period. Ramsey Quantitative Systems raised its position in shares of Jabil Circuit by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 27,443 shares of the company’s stock valued at $529,000 after buying an additional 1,423 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of Jabil Circuit by 10.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,526,574 shares of the company’s stock valued at $29,417,000 after buying an additional 140,826 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Jabil Circuit Inc. (NYSE:JBL) traded down 0.23% on Monday, hitting $21.84. The stock had a trading volume of 1,546,803 shares. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 16.55 and a beta of 0.87. The stock’s 50-day moving average is $21.38 and its 200 day moving average is $19.51. Jabil Circuit Inc. has a 1-year low of $16.78 and a 1-year high of $26.00.
Jabil Circuit (NYSE:JBL) last posted its earnings results on Wednesday, September 21st. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $4.40 billion for the quarter. Jabil Circuit had a return on equity of 14.04% and a net margin of 1.63%. Jabil Circuit’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, equities research analysts predict that Jabil Circuit Inc. will post $2.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.46%. Jabil Circuit’s dividend payout ratio (DPR) is presently 24.24%.
JBL has been the topic of several recent research reports. Goldman Sachs Group Inc. lowered Jabil Circuit from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $19.00 to $17.00 in a research report on Tuesday, June 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $21.00 price objective on shares of Jabil Circuit in a research report on Friday, June 10th. B. Riley reiterated a “buy” rating and set a $26.00 price objective on shares of Jabil Circuit in a research report on Monday, June 13th. Citigroup Inc. reiterated a “sell” rating and set a $17.00 price objective on shares of Jabil Circuit in a research report on Thursday, June 16th. Finally, UBS AG reduced their price target on Jabil Circuit from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, June 16th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Jabil Circuit has an average rating of “Hold” and an average price target of $30.86.
In other Jabil Circuit news, CEO Michael J. Loparco sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $21.90, for a total transaction of $43,800.00. Following the sale, the chief executive officer now directly owns 241,092 shares in the company, valued at $5,279,914.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President William E. Peters sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $23.25, for a total value of $465,000.00. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
About Jabil Circuit
Jabil Circuit, Inc provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries.
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