Jabil Circuit, Inc. (NYSE:JBL) CEO Michael J. Loparco sold 5,000 shares of Jabil Circuit stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $26.90, for a total transaction of $134,500.00. Following the transaction, the chief executive officer now owns 259,486 shares of the company’s stock, valued at approximately $6,980,173.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Michael J. Loparco also recently made the following trade(s):
- On Thursday, February 16th, Michael J. Loparco sold 2,000 shares of Jabil Circuit stock. The stock was sold at an average price of $25.90, for a total transaction of $51,800.00.
Shares of Jabil Circuit, Inc. (NYSE:JBL) opened at 28.80 on Monday. Jabil Circuit, Inc. has a 12-month low of $16.78 and a 12-month high of $28.83. The stock has a market capitalization of $5.25 billion, a P/E ratio of 26.09 and a beta of 0.86. The company 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 earnings results on Wednesday, March 15th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm earned $4.45 billion during the quarter, compared to analyst estimates of $4.36 billion. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. Jabil Circuit’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. Equities analysts expect that Jabil Circuit, Inc. will post $2.08 earnings per share for the current fiscal year.
The business 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 of this dividend was Monday, February 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.11%. Jabil Circuit’s dividend payout ratio is presently 28.83%.
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A number of brokerages have issued reports on JBL. B. Riley restated a “neutral” rating and set a $23.00 target price on shares of Jabil Circuit in a research report on Saturday, December 17th. Needham & Company LLC upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Thursday. Royal Bank of Canada lifted their target price 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. Standpoint Research upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research report on Tuesday, November 22nd. Finally, Zacks Investment Research cut shares of Jabil Circuit from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 22nd. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $24.58.
A number of institutional investors have recently made changes to their positions in JBL. Advantus Capital Management Inc raised its position in shares of Jabil Circuit by 0.4% in the third quarter. Advantus Capital Management Inc now owns 23,257 shares of the company’s stock worth $507,000 after buying an additional 102 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Jabil Circuit by 0.3% in the third quarter. State Treasurer State of Michigan now owns 76,900 shares of the company’s stock worth $1,678,000 after buying an additional 200 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Jabil Circuit by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 20,803 shares of the company’s stock worth $454,000 after buying an additional 281 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Jabil Circuit by 5.7% in the third quarter. LS Investment Advisors LLC now owns 12,206 shares of the company’s stock worth $266,000 after buying an additional 655 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Jabil Circuit by 5.7% in the third quarter. Pacer Advisors Inc. now owns 18,561 shares of the company’s stock worth $405,000 after buying an additional 996 shares in the last quarter. Hedge funds and other institutional investors own 94.69% of the company’s stock.
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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