Jabil Circuit, Inc. (NYSE:JBL) CEO Michael J. Loparco sold 5,000 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $28.90, for a total transaction of $144,500.00. Following the completion of the sale, the chief executive officer now owns 249,486 shares of the company’s stock, valued at approximately $7,210,145.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $25.90, for a total transaction of $51,800.00.
Jabil Circuit, Inc. (NYSE:JBL) opened at 28.85 on Thursday. The firm’s 50-day moving average is $26.10 and its 200-day moving average is $23.17. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 35.97 and a beta of 0.86. Jabil Circuit, Inc. has a 12 month low of $16.78 and a 12 month high of $29.19.
Jabil Circuit (NYSE:JBL) last announced its earnings results on Wednesday, March 15th. The company reported $0.48 EPS for the quarter, beating 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 firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the business posted $0.57 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts anticipate that Jabil Circuit, Inc. will post $2.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were given a $0.08 dividend. 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 dividend payout ratio is presently 28.83%.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday. Goldman Sachs Group Inc increased their price target on shares of Jabil Circuit from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, March 16th. Stifel Nicolaus increased their price target on shares of Jabil Circuit from $23.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, March 16th. Needham & Company LLC upgraded shares of 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. Finally, Royal Bank of Canada increased their price target on shares of Jabil Circuit from $24.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 13th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $25.00.
Several institutional investors have recently bought and sold shares of JBL. Boston Partners raised its position in Jabil Circuit by 13.4% in the third quarter. Boston Partners now owns 12,616,993 shares of the company’s stock valued at $275,302,000 after buying an additional 1,488,126 shares in the last quarter. BlackRock Fund Advisors raised its position in Jabil Circuit by 4.2% in the third quarter. BlackRock Fund Advisors now owns 6,943,708 shares of the company’s stock valued at $151,512,000 after buying an additional 281,669 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Jabil Circuit by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,529,340 shares of the company’s stock valued at $130,883,000 after buying an additional 273,598 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in Jabil Circuit by 4.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,346,246 shares of the company’s stock valued at $79,206,000 after buying an additional 138,536 shares in the last quarter. Finally, Norges Bank bought a new position in Jabil Circuit during the fourth quarter valued at about $54,769,000. 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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