Jabil Circuit, Inc. (JBL) CEO Sells $149,500.00 in Stock
Jabil Circuit, Inc. (NYSE:JBL) CEO Michael J. Loparco sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $29.90, for a total value of $149,500.00. Following the sale, the chief executive officer now directly owns 244,486 shares of the company’s stock, valued at $7,310,131.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Jabil Circuit, Inc. (NYSE:JBL) traded down 1.34% on Friday, hitting $29.46. The stock had a trading volume of 543,497 shares. Jabil Circuit, Inc. has a 12-month low of $17.23 and a 12-month high of $29.98. The company has a market capitalization of $5.37 billion, a PE ratio of 36.73 and a beta of 0.86. The company has a 50 day moving average of $29.03 and a 200 day moving average of $25.53.
Jabil Circuit (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 15th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.36 billion. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. On average, equities analysts expect that Jabil Circuit, Inc. will post $2.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.07%. Jabil Circuit’s dividend payout ratio (DPR) is presently 28.83%.
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A number of research firms recently weighed in on JBL. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $26.00 price target on shares of Jabil Circuit in a report on Tuesday, February 28th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “hold” rating and issued a $27.00 price objective on shares of Jabil Circuit in a research report on Tuesday, May 2nd. Stifel Nicolaus increased their price objective on Jabil Circuit from $23.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, March 16th. Standpoint Research lowered Jabil Circuit from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st. Finally, Zacks Investment Research lowered Jabil Circuit from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.25.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cipher Capital LP increased its stake in Jabil Circuit by 51.7% in the fourth quarter. Cipher Capital LP now owns 278,904 shares of the technology company’s stock worth $6,602,000 after buying an additional 95,008 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Jabil Circuit by 10.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 25,851 shares of the technology company’s stock worth $612,000 after buying an additional 2,442 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in 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 during the last quarter. Russell Investments Group Ltd. bought a new stake in Jabil Circuit during the fourth quarter worth $5,195,000. Finally, ETRADE Capital Management LLC increased its stake in Jabil Circuit by 46.7% in the third quarter. ETRADE Capital Management LLC now owns 15,026 shares of the technology company’s stock worth $328,000 after buying an additional 4,782 shares during the last quarter. 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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