Fox Run Management L.L.C. Takes Position in Jabil Circuit, Inc. (JBL)
Fox Run Management L.L.C. bought a new position in shares of Jabil Circuit, Inc. (NYSE:JBL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,200 shares of the technology company’s stock, valued at approximately $298,000.
A number of other large investors have also recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Jabil Circuit by 14.3% in the first quarter. FMR LLC now owns 27,333,444 shares of the technology company’s stock worth $790,483,000 after buying an additional 3,409,496 shares in the last quarter. BlackRock Inc. raised its stake in shares of Jabil Circuit by 10,288.7% in the first quarter. BlackRock Inc. now owns 15,301,794 shares of the technology company’s stock worth $442,528,000 after buying an additional 15,154,502 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Jabil Circuit by 7.0% in the first quarter. Vanguard Group Inc. now owns 13,833,140 shares of the technology company’s stock worth $400,053,000 after buying an additional 901,400 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Jabil Circuit by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,641,826 shares of the technology company’s stock worth $163,163,000 after buying an additional 112,486 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Jabil Circuit by 29.8% in the first quarter. LSV Asset Management now owns 2,747,837 shares of the technology company’s stock worth $79,467,000 after buying an additional 631,653 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.
Jabil Circuit, Inc. (NYSE JBL) opened at 30.65 on Friday. Jabil Circuit, Inc. has a 52 week low of $19.95 and a 52 week high of $31.70. The stock’s 50 day moving average price is $30.01 and its 200 day moving average price is $27.73. The company has a market capitalization of $5.49 billion, a P/E ratio of 47.15 and a beta of 0.56.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data on Wednesday, June 14th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. The firm had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.40 billion. Jabil Circuit had a return on equity of 12.27% and a net margin of 0.66%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. Analysts anticipate that Jabil Circuit, Inc. will post $2.10 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.04%. Jabil Circuit’s dividend payout ratio is presently 50.00%.
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A number of equities research analysts recently issued reports on JBL shares. ValuEngine raised Jabil Circuit from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Stifel Nicolaus lifted their target price on Jabil Circuit from $26.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, March 24th. BidaskClub lowered Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada lifted their target price on Jabil Circuit from $27.00 to $31.00 and gave the company a “sector perform” rating in a research report on Thursday, June 15th. Finally, UBS AG reissued a “buy” rating and issued a $35.00 target price (up previously from $30.00) on shares of Jabil Circuit in a research report on Friday, June 16th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.83.
In other news, CFO Forbes I. J. Alexander sold 4,341 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $30.00, for a total value of $130,230.00. Following the completion of the transaction, the chief financial officer now directly owns 586,184 shares of the company’s stock, valued at $17,585,520. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Sansone sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $31.25, for a total value of $781,250.00. Following the completion of the transaction, the director now directly owns 176,688 shares of the company’s stock, valued at $5,521,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 290,324 shares of company stock valued at $8,726,958. 2.90% of the stock is currently owned by corporate insiders.
Jabil Circuit Company Profile
Jabil Inc, formerly 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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