Jabil Circuit, Inc. (NYSE:JBL) CFO Forbes I. J. Alexander sold 36,831 shares of the company’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $27.56, for a total transaction of $1,015,062.36. Following the transaction, the chief financial officer now owns 630,525 shares of the company’s stock, valued at approximately $17,377,269. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Jabil Circuit, Inc. (NYSE:JBL) traded up 0.52% during trading on Monday, reaching $28.95. 1,580,565 shares of the company were exchanged. The stock has a market capitalization of $5.28 billion, a P/E ratio of 26.22 and a beta of 0.86. Jabil Circuit, Inc. has a 52-week low of $16.78 and a 52-week high of $29.19. The stock has a 50-day moving average of $25.68 and a 200 day moving average of $22.99.
Jabil Circuit (NYSE:JBL) last issued its earnings results on Wednesday, March 15th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm earned $4.45 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Jabil Circuit had a return on equity of 11.81% and a net margin of 1.15%. Jabil Circuit’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $0.57 earnings per share. On average, equities analysts anticipate that Jabil Circuit, Inc. will post $2.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were given a $0.08 dividend. The ex-dividend date was Monday, February 13th. This represents a $0.32 annualized dividend and a yield of 1.11%. Jabil Circuit’s dividend payout ratio (DPR) is currently 28.83%.
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Several equities analysts have recently commented on the stock. B. Riley restated a “neutral” rating and set a $23.00 price target on shares of Jabil Circuit in a research report on Thursday, December 22nd. Goldman Sachs Group Inc upped their price target on shares of Jabil Circuit from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday. Stifel Nicolaus upped their price target on shares of Jabil Circuit from $23.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday. Royal Bank of Canada upped their price target on shares of Jabil Circuit from $24.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 13th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and set a $26.00 price target on shares of Jabil Circuit in a research report on Tuesday, February 28th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.58.
A number of hedge funds and other institutional investors have recently modified their holdings of JBL. Penserra Capital Management LLC boosted its position in shares of 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 during the period. Virginia Retirement Systems ET AL purchased a new position in shares of Jabil Circuit during the third quarter valued at approximately $209,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Jabil Circuit during the third quarter valued at approximately $219,000. Boothbay Fund Management LLC purchased a new position in shares of Jabil Circuit during the fourth quarter valued at approximately $224,000. Finally, Cetera Advisors LLC purchased a new position in shares of Jabil Circuit during the third quarter valued at approximately $244,000. 94.69% of the stock is owned by hedge funds and other institutional investors.
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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