Jabil Circuit, Inc. (NYSE:JBL) EVP Courtney J. Ryan sold 35,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $27.45, for a total transaction of $960,750.00. Following the transaction, the executive vice president now directly owns 387,855 shares of the company’s stock, valued at $10,646,619.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Jabil Circuit, Inc. (NYSE:JBL) opened at 28.93 on Tuesday. Jabil Circuit, Inc. has a 1-year low of $16.78 and a 1-year high of $29.19. The stock has a market capitalization of $5.27 billion, a PE ratio of 26.20 and a beta of 0.86. The firm has a 50-day moving average of $25.68 and a 200 day moving average of $22.99.
Jabil Circuit (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 15th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $4.36 billion. During the same period in the previous year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict that Jabil Circuit, Inc. will post $2.08 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.11%. Jabil Circuit’s dividend payout ratio is presently 28.83%.
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Several hedge funds have recently made changes to their positions in JBL. Norges Bank bought a new stake in shares of Jabil Circuit during the fourth quarter worth approximately $54,769,000. Putnam Investments LLC bought a new stake in shares of Jabil Circuit during the fourth quarter worth approximately $4,237,000. Thrivent Financial for Lutherans raised its stake in shares of Jabil Circuit by 4.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 31,480 shares of the company’s stock worth $745,000 after buying an additional 1,390 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Jabil Circuit by 0.4% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 371,504 shares of the company’s stock worth $8,793,000 after buying an additional 1,339 shares in the last quarter. Finally, Barings LLC raised its stake in shares of Jabil Circuit by 31.3% in the fourth quarter. Barings LLC now owns 71,700 shares of the company’s stock worth $1,697,000 after buying an additional 17,100 shares in the last quarter. Hedge funds and other institutional investors own 94.69% of the company’s stock.
A number of research analysts have recently weighed in on JBL shares. B. Riley downgraded shares of 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 reissued a “hold” rating and set a $22.00 target price (up from $20.00) on shares of Jabil Circuit in a research report on Monday, December 19th. Zacks Investment Research downgraded shares of Jabil Circuit from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Raymond James Financial, Inc. downgraded shares of 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 reissued a “sector perform” rating and set a $23.00 target price on shares of Jabil Circuit in a research report on Thursday, December 15th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.58.
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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