Jabil Circuit Inc. (NYSE:JBL) CEO Michael J. Loparco sold 2,000 shares of the stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $22.90, for a total value of $45,800.00. Following the sale, the chief executive officer now owns 239,092 shares of the company’s stock, valued at approximately $5,475,206.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Michael J. Loparco also recently made the following trade(s):

  • On Tuesday, July 26th, Michael J. Loparco sold 5,000 shares of Jabil Circuit stock. The stock was sold at an average price of $20.23, for a total value of $101,150.00.

Shares of Jabil Circuit Inc. (NYSE:JBL) opened at 23.16 on Wednesday. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 14.77 and a beta of 0.87. The company’s 50 day moving average price is $21.17 and its 200-day moving average price is $19.46. Jabil Circuit Inc. has a 52 week low of $16.78 and a 52 week high of $26.00.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.38%. Jabil Circuit’s payout ratio is 20.38%.

JBL has been the subject of several research analyst reports. Bank of America Corp. reiterated a “buy” rating on shares of Jabil Circuit in a research report on Thursday, June 16th. B. Riley reiterated a “buy” rating and set a $27.00 target price (up previously from $22.00) on shares of Jabil Circuit in a research report on Monday. Argus reiterated a “hold” rating on shares of Jabil Circuit in a research report on Thursday, June 16th. Royal Bank Of Canada reiterated a “hold” rating on shares of Jabil Circuit in a research report on Saturday, June 18th. Finally, Deutsche Bank AG cut their target price on Jabil Circuit from $21.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $32.09.

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in Jabil Circuit by 57.2% in the second quarter. FMR LLC now owns 16,352,044 shares of the company’s stock worth $302,022,000 after buying an additional 5,952,664 shares during the last quarter. State Street Corp boosted its position in Jabil Circuit by 0.4% in the first quarter. State Street Corp now owns 6,957,106 shares of the company’s stock worth $134,060,000 after buying an additional 29,792 shares during the last quarter. Fairpointe Capital LLC boosted its position in Jabil Circuit by 14.6% in the second quarter. Fairpointe Capital LLC now owns 6,716,504 shares of the company’s stock worth $124,054,000 after buying an additional 857,238 shares during the last quarter. BlackRock Fund Advisors boosted its position in Jabil Circuit by 6.4% in the second quarter. BlackRock Fund Advisors now owns 6,662,039 shares of the company’s stock worth $123,048,000 after buying an additional 399,355 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Jabil Circuit by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,818,253 shares of the company’s stock worth $107,463,000 after buying an additional 244,250 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

About Jabil Circuit

Jabil Circuit, Inc provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries.

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