Jabil Circuit, Inc. (JBL) Director Thomas A. Sansone Sells 25,000 Shares
Jabil Circuit, Inc. (NYSE:JBL) Director Thomas A. Sansone sold 25,000 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $27.25, for a total value of $681,250.00. Following the completion of the transaction, the director now owns 176,688 shares of the company’s stock, valued at approximately $4,814,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Jabil Circuit, Inc. (NYSE:JBL) traded up 0.538% during midday trading on Monday, hitting $28.955. The company had a trading volume of 1,674,543 shares. The stock has a market capitalization of $5.28 billion, a PE ratio of 26.227 and a beta of 0.86. The stock has a 50 day moving average price of $25.68 and a 200-day moving average price of $22.99. Jabil Circuit, Inc. has a 52 week low of $16.78 and a 52 week high of $29.19.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings data on Wednesday, March 15th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Jabil Circuit had a return on equity of 11.81% and a net margin of 1.15%. The company earned $4.45 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the business earned $0.57 EPS. Jabil Circuit’s revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Jabil Circuit, Inc. will post $2.08 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were issued 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 28.83%.
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Several large investors have recently modified their holdings of JBL. Boston Partners boosted its stake in shares of 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 boosted its stake in shares of 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 boosted its stake in shares of 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 boosted its stake in shares of 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 purchased a new stake in shares of Jabil Circuit during the fourth quarter valued at $54,769,000. Institutional investors and hedge funds own 94.69% of the company’s stock.
A number of equities analysts have issued reports on the company. Goldman Sachs Group Inc increased their price objective on Jabil Circuit from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday. Stifel Nicolaus increased their price objective on Jabil Circuit from $23.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday. Needham & Company LLC upgraded Jabil Circuit from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday. Royal Bank of Canada increased their price objective on Jabil Circuit from $24.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 13th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $26.00 price objective on shares of Jabil Circuit in a report on Tuesday, February 28th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.58.
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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