Insider Selling: Jabil Circuit, Inc. (JBL) CEO Sells $343,051.44 in Stock

Jabil Circuit, Inc. (NYSE:JBL) CEO Alessandro Parimbelli sold 12,858 shares of the stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $26.68, for a total transaction of $343,051.44. Following the completion of the transaction, the chief executive officer now owns 311,125 shares of the company’s stock, valued at $8,300,815. The sale was disclosed in a document filed with the SEC, which is available through this link.

Alessandro Parimbelli also recently made the following trade(s):

  • On Wednesday, February 15th, Alessandro Parimbelli sold 9,364 shares of Jabil Circuit stock. The stock was sold at an average price of $25.63, for a total transaction of $239,999.32.
  • On Friday, February 10th, Alessandro Parimbelli sold 1,355 shares of Jabil Circuit stock. The stock was sold at an average price of $25.14, for a total transaction of $34,064.70.

Shares of Jabil Circuit, Inc. (NYSE:JBL) opened at 28.80 on Monday. Jabil Circuit, Inc. has a one year low of $16.78 and a one year high of $28.83. The stock’s 50 day moving average is $25.68 and its 200-day moving average is $22.99. The stock has a market cap of $5.25 billion, a P/E ratio of 26.09 and a beta of 0.86.

Jabil Circuit (NYSE:JBL) last released its quarterly earnings data on Wednesday, March 15th. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. The company earned $4.45 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts forecast that Jabil Circuit, Inc. will post $2.08 EPS for the current year.

Insider Buying and Selling by Quarter for Jabil Circuit (NYSE:JBL)

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Monday, February 13th. Jabil Circuit’s dividend payout ratio (DPR) is presently 28.83%.

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A number of hedge funds have recently added to or reduced their stakes in the company. Putnam Investments LLC acquired a new stake in Jabil Circuit during the fourth quarter worth $4,237,000. First Trust Advisors LP raised its stake in Jabil Circuit by 8.8% in the third quarter. First Trust Advisors LP now owns 723,172 shares of the company’s stock worth $15,780,000 after buying an additional 58,270 shares during the period. BlackRock Advisors LLC raised its stake in Jabil Circuit by 1.8% in the third quarter. BlackRock Advisors LLC now owns 105,058 shares of the company’s stock worth $2,292,000 after buying an additional 1,898 shares during the period. State of Tennessee Treasury Department raised its stake in Jabil Circuit by 12.5% in the third quarter. State of Tennessee Treasury Department now owns 270,000 shares of the company’s stock worth $5,892,000 after buying an additional 30,000 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Jabil Circuit during the third quarter worth $7,825,000. 94.69% of the stock is owned by institutional investors.

A number of analysts have weighed in on JBL shares. B. Riley lowered shares of Jabil Circuit from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $27.00 to $24.00 in a research note on Wednesday, December 7th. Zacks Investment Research lowered shares of Jabil Circuit from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 22nd. Standpoint Research upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research note on Monday, November 28th. Raymond James Financial, Inc. lowered shares of Jabil Circuit from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, March 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $23.00 price objective on shares of Jabil Circuit in a research note on Thursday, December 15th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.58.

About Jabil Circuit

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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