Michael J. Loparco Sells 2,000 Shares of Jabil Circuit Inc. (JBL) Stock
Jabil Circuit Inc. (NYSE:JBL) CEO Michael J. Loparco sold 2,000 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $22.90, for a total transaction of $45,800.00. Following the transaction, the chief executive officer now directly owns 239,092 shares of the company’s stock, valued at $5,475,206.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 shares were sold at an average price of $20.23, for a total transaction of $101,150.00.
Shares of Jabil Circuit Inc. (NYSE:JBL) opened at 22.40 on Friday. The stock’s 50 day moving average is $21.34 and its 200-day moving average is $19.51. Jabil Circuit Inc. has a 12-month low of $16.78 and a 12-month high of $26.00. The stock has a market cap of $4.28 billion, a PE ratio of 14.29 and a beta of 0.87.
Jabil Circuit (NYSE:JBL) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Jabil Circuit had a net margin of 1.38% and a return on equity of 12.21%. The company earned $4.40 billion during the quarter. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities analysts expect that Jabil Circuit Inc. will post $2.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.43%. Jabil Circuit’s payout ratio is 24.24%.
A number of large investors have recently made changes to their positions in JBL. FMR LLC raised its stake in shares of 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. Deprince Race & Zollo Inc. bought a new stake in shares of Jabil Circuit during the second quarter worth $48,592,000. Norges Bank bought a new stake in shares of Jabil Circuit during the fourth quarter worth $46,756,000. Emerald Acquisition Ltd. bought a new stake in shares of Jabil Circuit during the second quarter worth $23,781,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Jabil Circuit by 251.6% in the first quarter. JPMorgan Chase & Co. now owns 1,632,426 shares of the company’s stock worth $31,457,000 after buying an additional 1,168,082 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.
Several equities analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $27.00 price objective (up from $22.00) on shares of Jabil Circuit in a research note on Monday. Royal Bank Of Canada reissued a “hold” rating on shares of Jabil Circuit in a research note on Saturday, June 18th. TheStreet downgraded shares of Jabil Circuit to a “sell” rating in a research note on Thursday, May 26th. Argus reissued a “hold” rating on shares of Jabil Circuit in a research note on Thursday, June 16th. Finally, Zacks Investment Research downgraded shares of Jabil Circuit from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $31.46.
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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