Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Jabil Circuit, Inc. (NYSE:JBL) by 3.1% during the first quarter, Holdings Channel reports. The institutional investor owned 26,619 shares of the technology company’s stock after selling 856 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jabil Circuit were worth $770,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of JBL. Dimensional Fund Advisors LP increased its stake in shares of Jabil Circuit by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,529,340 shares of the technology company’s stock worth $130,883,000 after buying an additional 273,598 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Jabil Circuit by 4.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,346,246 shares of the technology company’s stock worth $79,206,000 after buying an additional 138,536 shares in the last quarter. LSV Asset Management increased its stake in shares of Jabil Circuit by 29.8% in the first quarter. LSV Asset Management now owns 2,747,837 shares of the technology company’s stock worth $79,467,000 after buying an additional 631,653 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Jabil Circuit by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 2,499,748 shares of the technology company’s stock worth $72,292,000 after buying an additional 87,185 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Jabil Circuit during the fourth quarter worth about $54,769,000. Institutional investors own 94.69% of the company’s stock.
Shares of Jabil Circuit, Inc. (NYSE:JBL) traded down 1.81% during trading on Friday, hitting $29.32. The stock had a trading volume of 1,505,184 shares. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 36.56 and a beta of 0.86. Jabil Circuit, Inc. has a 12 month low of $17.23 and a 12 month high of $29.98. The company’s 50 day moving average price is $29.03 and its 200 day moving average price is $25.55.
Jabil Circuit (NYSE:JBL) last posted its earnings results on Wednesday, March 15th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Jabil Circuit had a return on equity of 11.81% and a net margin of 1.15%. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the company earned $0.57 EPS. Jabil Circuit’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that Jabil Circuit, Inc. will post $2.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 11th. Jabil Circuit’s payout ratio is 28.83%.
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JBL has been the subject of a number of analyst reports. Zacks Investment Research downgraded Jabil Circuit from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Raymond James Financial, Inc. downgraded Jabil Circuit from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, March 1st. Stifel Nicolaus raised their price target on Jabil Circuit from $26.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, March 24th. Goldman Sachs Group Inc raised their price target on Jabil Circuit from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, March 16th. Finally, Needham & Company LLC upgraded Jabil Circuit from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, March 16th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Jabil Circuit currently has an average rating of “Hold” and an average target price of $25.25.
In related news, COO William D. Muir, Jr. sold 10,000 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $25.71, for a total transaction of $257,100.00. Following the transaction, the chief operating officer now owns 534,085 shares of the company’s stock, valued at approximately $13,731,325.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael J. Loparco sold 5,000 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $29.90, for a total value of $149,500.00. Following the transaction, the chief executive officer now directly owns 244,486 shares in the company, valued at approximately $7,310,131.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 375,789 shares of company stock worth $10,548,648. 2.90% of the stock is owned by corporate insiders.
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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