William E. Peters Sells 20,000 Shares of Jabil Circuit Inc. (JBL) Stock
Jabil Circuit Inc. (NYSE:JBL) President William E. Peters sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $23.25, for a total value of $465,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Jabil Circuit Inc. (NYSE:JBL) opened at 22.40 on Friday. Jabil Circuit Inc. has a 12-month low of $16.78 and a 12-month high of $26.00. The firm has a market cap of $4.28 billion, a PE ratio of 14.29 and a beta of 0.87. The company has a 50 day moving average price of $21.34 and a 200-day moving average price of $19.51.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings results on Wednesday, September 21st. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The business earned $4.40 billion during the quarter. Jabil Circuit had a return on equity of 12.21% and a net margin of 1.38%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. Analysts expect that Jabil Circuit Inc. will post $2.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.43%. Jabil Circuit’s dividend payout ratio (DPR) is 24.24%.
A number of institutional investors have recently bought and sold shares of JBL. Quantitative Systematic Strategies LLC bought a new position in shares of Jabil Circuit during the second quarter worth approximately $181,000. Calvert Investment Management Inc. bought a new position in shares of Jabil Circuit during the second quarter worth approximately $201,000. LS Investment Advisors LLC increased its position in shares of Jabil Circuit by 71.2% in the second quarter. LS Investment Advisors LLC now owns 11,551 shares of the company’s stock worth $213,000 after buying an additional 4,802 shares during the last quarter. World Asset Management Inc increased its position in shares of Jabil Circuit by 1.0% in the second quarter. World Asset Management Inc now owns 11,987 shares of the company’s stock worth $221,000 after buying an additional 120 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Jabil Circuit by 22.8% in the first quarter. LPL Financial LLC now owns 11,912 shares of the company’s stock worth $222,000 after buying an additional 2,209 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Several analysts have recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $27.00 target price (up from $22.00) on shares of Jabil Circuit in a report on Monday. Royal Bank Of Canada reissued a “hold” rating on shares of Jabil Circuit in a report on Saturday, June 18th. TheStreet downgraded Jabil Circuit to a “sell” rating in a report on Thursday, May 26th. Argus reissued a “hold” rating on shares of Jabil Circuit in a report on Thursday, June 16th. Finally, Zacks Investment Research downgraded Jabil Circuit from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Jabil Circuit currently 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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