ING Groep NV Has $712,000 Stake in Jabil Circuit, Inc. (JBL)

ING Groep NV Has $712,000 Stake in Jabil Circuit, Inc. (JBL)

ING Groep NV continued to hold its position in Jabil Circuit, Inc. (NYSE:JBL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,633 shares of the technology company’s stock at the end of the first quarter. ING Groep NV’s holdings in Jabil Circuit were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JBL. Bank of Montreal Can increased its position in Jabil Circuit by 1.2% in the third quarter. Bank of Montreal Can now owns 103,421 shares of the technology company’s stock valued at $2,257,000 after buying an additional 1,232 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Jabil Circuit by 1.3% in the third quarter. Great West Life Assurance Co. Can now owns 196,209 shares of the technology company’s stock valued at $4,276,000 after buying an additional 2,495 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in Jabil Circuit by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 20,803 shares of the technology company’s stock valued at $454,000 after buying an additional 281 shares during the last quarter. Capital Fund Management S.A. increased its position in Jabil Circuit by 6.3% in the third quarter. Capital Fund Management S.A. now owns 169,007 shares of the technology company’s stock valued at $3,688,000 after buying an additional 9,997 shares during the last quarter. Finally, Peregrine Capital Management LLC bought a new position in Jabil Circuit during the third quarter valued at about $10,175,000. 94.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jabil Circuit, Inc. (NYSE:JBL) traded up 0.03% during trading on Friday, reaching $28.95. 1,004,727 shares of the company’s stock were exchanged. Jabil Circuit, Inc. has a 52 week low of $16.78 and a 52 week high of $29.75. The stock has a 50 day moving average price of $28.86 and a 200-day moving average price of $24.72. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 36.10 and a beta of 0.86.

Jabil Circuit (NYSE:JBL) last released its earnings results on Wednesday, March 15th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.36 billion. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. Analysts predict that Jabil Circuit, Inc. will post $2.08 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, May 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.11%. Jabil Circuit’s dividend payout ratio (DPR) is 28.83%.

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $27.00 price target on shares of Jabil Circuit in a research note on Tuesday. Goldman Sachs Group Inc raised their price target on shares of Jabil Circuit from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, March 16th. Raymond James Financial, Inc. reissued a “market perform” rating and issued a $26.00 price target on shares of Jabil Circuit in a research note on Tuesday, February 28th. They noted that the move was a valuation call. Stifel Nicolaus raised their price target on shares of Jabil Circuit from $23.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, March 16th. Finally, Standpoint Research downgraded shares of Jabil Circuit from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Jabil Circuit has an average rating of “Hold” and a consensus price target of $25.25.

In other Jabil Circuit news, President William E. Peters sold 11,000 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $29.50, for a total value of $324,500.00. Following the transaction, the president now directly owns 678,422 shares in the company, valued at approximately $20,013,449. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO William D. Muir, Jr. sold 2,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $29.08, for a total transaction of $58,160.00. Following the completion of the transaction, the chief operating officer now owns 522,085 shares in the company, valued at $15,182,231.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 418,813 shares of company stock worth $11,556,303. 2.90% of the stock is owned by insiders.

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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