Jabil Circuit, Inc. (NYSE:JBL) CFO Forbes I. J. Alexander sold 36,831 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $27.56, for a total transaction of $1,015,062.36. Following the completion of the transaction, the chief financial officer now directly owns 630,525 shares of the company’s stock, valued at $17,377,269. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Jabil Circuit, Inc. (NYSE:JBL) opened at 28.93 on Tuesday. Jabil Circuit, Inc. has a 1-year low of $16.78 and a 1-year high of $29.19. The stock’s 50 day moving average is $25.68 and its 200-day moving average is $22.99. The firm has a market capitalization of $5.27 billion, a P/E ratio of 26.20 and a beta of 0.86.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings data on Wednesday, March 15th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.36 billion. Jabil Circuit had a return on equity of 11.81% and a net margin of 1.15%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. Analysts forecast that Jabil Circuit, Inc. will post $2.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were paid a $0.08 dividend. The ex-dividend date was Monday, February 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.11%. Jabil Circuit’s payout ratio is presently 28.83%.
A number of equities analysts recently weighed in on the stock. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $26.00 target price on shares of Jabil Circuit in a research note on Tuesday, February 28th. They noted that the move was a valuation call. B. Riley raised shares of Jabil Circuit from a “neutral” rating to a “buy” rating in a research note on Thursday, December 15th. Standpoint Research raised shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research note on Monday, November 28th. Zacks Investment Research lowered shares of Jabil Circuit from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 22nd. Finally, Stifel Nicolaus upped their target price 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. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.58.
Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Jabil Circuit during the fourth quarter worth approximately $54,769,000. Boston Partners raised its position in Jabil Circuit by 13.4% in the third quarter. Boston Partners now owns 12,616,993 shares of the company’s stock worth $275,302,000 after buying an additional 1,488,126 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Jabil Circuit during the fourth quarter worth approximately $19,845,000. Peregrine Capital Management LLC acquired a new position in Jabil Circuit during the third quarter worth approximately $10,175,000. Finally, Clinton Group Inc. raised its position in Jabil Circuit by 723.7% in the third quarter. Clinton Group Inc. now owns 444,602 shares of the company’s stock worth $9,701,000 after buying an additional 390,628 shares during the last quarter. Institutional investors and hedge funds own 94.69% 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.