Quantbot Technologies LP bought a new position in Jabil Circuit, Inc. (NYSE:JBL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 49,583 shares of the technology company’s stock, valued at approximately $1,415,000.
A number of other hedge funds also recently modified their holdings of JBL. IHT Wealth Management LLC raised its position in Jabil Circuit by 142.6% in the second quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after acquiring an additional 211 shares during the period. Advisor Group Inc. raised its position in Jabil Circuit by 68.2% in the second quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock worth $168,000 after acquiring an additional 2,337 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Jabil Circuit by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock worth $177,000 after acquiring an additional 547 shares during the period. Stevens Capital Management LP bought a new position in Jabil Circuit in the second quarter worth approximately $206,000. Finally, Bridgewater Associates LP bought a new position in Jabil Circuit in the second quarter worth approximately $219,000. Institutional investors own 93.13% of the company’s stock.
In other Jabil Circuit news, CEO Erich Hoch sold 2,500 shares of Jabil Circuit stock in a transaction on Monday, October 16th. The shares were sold at an average price of $28.49, for a total value of $71,225.00. Following the sale, the chief executive officer now directly owns 206,943 shares in the company, valued at approximately $5,895,806.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO William D. Muir, Jr. sold 20,000 shares of Jabil Circuit stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $28.41, for a total transaction of $568,200.00. Following the completion of the sale, the chief operating officer now owns 321,840 shares in the company, valued at $9,143,474.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,680 shares of company stock worth $4,289,446. 2.90% of the stock is currently owned by insiders.
Shares of Jabil Circuit, Inc. (JBL) opened at $29.22 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock has a market cap of $5,160.00, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 1.10 and a beta of 0.53. Jabil Circuit, Inc. has a fifty-two week low of $20.32 and a fifty-two week high of $31.70.
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 analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.86 billion. Jabil Circuit had a net margin of 0.68% and a return on equity of 14.47%. Jabil Circuit’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. equities research analysts predict that Jabil Circuit, Inc. will post 2.22 earnings per share for the current 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. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.10%. Jabil Circuit’s dividend payout ratio is currently 46.38%.
JBL has been the topic of several recent research reports. J P Morgan Chase & Co reiterated a “buy” rating and issued a $40.00 price target on shares of Jabil Circuit in a research report on Thursday, September 28th. ValuEngine downgraded shares of Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of Jabil Circuit from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded shares of Jabil Circuit from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research report on Monday, October 2nd. Finally, Bank of America Corporation downgraded shares of Jabil Circuit from a “buy” rating to a “neutral” rating in a research report on Monday, September 25th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.50.
Jabil Circuit 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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