Jabil Circuit, Inc. (NYSE:JBL) COO William D. Muir, Jr. sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $28.41, for a total value of $568,200.00. Following the completion of the sale, the chief operating officer now directly owns 321,840 shares of the company’s stock, valued at approximately $9,143,474.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Jabil Circuit, Inc. (NYSE:JBL) opened at $29.22 on Friday. Jabil Circuit, Inc. has a twelve month low of $20.32 and a twelve month high of $31.70. The stock has a market capitalization of $5,161.51, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.54.
Jabil Circuit (NYSE:JBL) last announced its quarterly earnings results on Wednesday, September 27th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. Jabil Circuit had a return on equity of 14.47% and a net margin of 0.68%. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the company posted $0.28 earnings per share. Jabil Circuit’s revenue for the quarter was up 13.4% on a year-over-year basis. equities research analysts predict that Jabil Circuit, Inc. will post 2.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, November 14th. Jabil Circuit’s payout ratio is presently 46.38%.
A number of research firms recently commented on JBL. Needham & Company LLC reaffirmed a “buy” rating and set a $37.00 target price on shares of Jabil Circuit in a report on Friday, September 1st. BidaskClub downgraded Jabil Circuit from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. J P Morgan Chase & Co began coverage on Jabil Circuit in a report on Wednesday, August 2nd. They set an “overweight” rating and a $40.00 target price for the company. ValuEngine raised Jabil Circuit from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 7th. Finally, Goldman Sachs Group, Inc. (The) downgraded Jabil Circuit from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $28.00 to $26.00 in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.50.
Several institutional investors have recently bought and sold shares of JBL. AJO LP increased its position in shares of Jabil Circuit by 7,383.3% in the second quarter. AJO LP now owns 3,512,607 shares of the technology company’s stock valued at $102,533,000 after buying an additional 3,465,668 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Jabil Circuit by 495.2% in the second quarter. Federated Investors Inc. PA now owns 589,213 shares of the technology company’s stock valued at $17,199,000 after buying an additional 490,215 shares in the last quarter. LSV Asset Management increased its position in shares of Jabil Circuit by 11.8% in the second quarter. LSV Asset Management now owns 3,071,682 shares of the technology company’s stock valued at $89,662,000 after buying an additional 323,845 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Jabil Circuit in the third quarter valued at approximately $9,230,000. Finally, Koch Industries Inc. purchased a new stake in shares of Jabil Circuit in the second quarter valued at approximately $306,000. Institutional investors and hedge funds own 93.81% of the company’s stock.
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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