Jabil Circuit, Inc. (JBL) Stake Raised by Sei Investments Co.

Jabil Circuit, Inc. (JBL) Stake Raised by Sei Investments Co.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised 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 technology company’s stock valued at $130,883,000 after buying an additional 273,598 shares in the last quarter. Frontier Capital Management Co. LLC raised 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 technology company’s stock valued at $79,206,000 after buying an additional 138,536 shares in the last quarter. 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 valued at $79,467,000 after buying an additional 631,653 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Jabil Circuit by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 2,499,748 shares of the technology company’s stock valued at $72,292,000 after buying an additional 87,185 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Jabil Circuit during the fourth quarter valued at approximately $54,769,000. Hedge funds and other institutional investors own 94.69% of the company’s stock.

Sei Investments Co. raised its stake in shares of Jabil Circuit, Inc. (NYSE:JBL) by 104.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,443 shares of the technology company’s stock after buying an additional 81,472 shares during the period. Sei Investments Co.’s holdings in Jabil Circuit were worth $4,612,000 as of its most recent filing with the SEC.

Shares of Jabil Circuit, Inc. (NYSE:JBL) opened at 29.42 on Tuesday. The firm has a market capitalization of $5.36 billion, a P/E ratio of 36.68 and a beta of 0.86. The firm’s 50-day moving average price is $29.03 and its 200 day moving average price is $25.55. Jabil Circuit, Inc. has a 12 month low of $17.27 and a 12 month high of $29.98.

Jabil Circuit (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 15th. The technology company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. The firm had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the company earned $0.57 earnings per share. Jabil Circuit’s quarterly revenue was up .9% compared to the same quarter last year. Analysts anticipate that Jabil Circuit, Inc. will post $2.07 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders 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 dividend yield of 1.09%. Jabil Circuit’s payout ratio is 28.83%.

Several analysts have recently commented on JBL shares. Zacks Investment Research lowered Jabil Circuit from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 15th. Raymond James Financial, Inc. lowered Jabil Circuit from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, March 1st. Stifel Nicolaus increased their price objective on Jabil Circuit from $26.00 to $29.00 and gave the company a “hold” rating in a report on Friday, March 24th. Goldman Sachs Group Inc increased their price objective on Jabil Circuit from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, March 16th. Finally, 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, March 16th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $25.25.

In other news, COO William D. Muir, Jr. sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $25.71, for a total value of $257,100.00. Following the completion of the sale, the chief operating officer now directly owns 534,085 shares of the company’s stock, valued at $13,731,325.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael J. Loparco sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $29.90, for a total transaction of $149,500.00. Following the completion of the sale, the chief executive officer now directly owns 244,486 shares of the company’s stock, valued at $7,310,131.40. The disclosure for this sale can be found here. Insiders sold 375,789 shares of company stock valued at $10,548,648 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JBL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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