Jabil Circuit, Inc. (NYSE:JBL) EVP Courtney J. Ryan sold 35,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $27.45, for a total value of $960,750.00. Following the sale, the executive vice president now directly owns 387,855 shares in the company, valued at $10,646,619.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Jabil Circuit, Inc. (NYSE:JBL) traded up 0.52% during midday trading on Monday, hitting $28.95. The stock had a trading volume of 1,580,565 shares. The stock has a market cap of $5.28 billion, a PE 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 firm has a 50 day moving average price of $25.68 and a 200-day moving average price of $22.99.
Jabil Circuit (NYSE:JBL) last posted 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 net margin of 1.15% and a return on equity of 11.81%. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts predict that Jabil Circuit, Inc. will post $2.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were paid 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 was Monday, February 13th. Jabil Circuit’s payout ratio is currently 28.83%.
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Several large investors have recently bought and sold shares of JBL. Penserra Capital Management LLC raised 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 during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in Jabil Circuit during the third quarter valued at about $209,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Jabil Circuit during the third quarter valued at about $219,000. Boothbay Fund Management LLC purchased a new stake in Jabil Circuit during the fourth quarter valued at about $224,000. Finally, Cetera Advisors LLC purchased a new stake in Jabil Circuit during the third quarter valued at about $244,000. 94.69% of the stock is currently owned by institutional investors and hedge funds.
JBL has been the topic of a number of recent analyst reports. B. Riley cut Jabil Circuit from a “buy” rating to a “neutral” rating and set a $24.00 price target on the stock. in a report on Monday, December 12th. Deutsche Bank AG reissued a “hold” rating and set a $22.00 price target (up from $20.00) on shares of Jabil Circuit in a report on Monday, December 19th. Zacks Investment Research cut Jabil Circuit from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 15th. Raymond James Financial, Inc. cut Jabil Circuit from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, March 1st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $23.00 price target on shares of Jabil Circuit in a report on Thursday, December 15th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average 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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