Jabil Circuit, Inc. (NYSE:JBL) President William E. Peters sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $27.53, for a total transaction of $880,960.00. Following the completion of the transaction, the president now directly owns 733,422 shares of the company’s stock, valued at approximately $20,191,107.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jabil Circuit, Inc. (NYSE:JBL) traded up 0.52% during midday trading on Monday, hitting $28.95. 1,580,565 shares of the stock traded hands. The company’s 50-day moving average is $25.68 and its 200-day moving average is $22.99. The company has a market cap of $5.28 billion, a PE ratio of 26.22 and a beta of 0.86. Jabil Circuit, Inc. has a one year low of $16.78 and a one year high of $29.19.

Jabil Circuit (NYSE:JBL) last issued its quarterly earnings results on Wednesday, March 15th. The company reported $0.48 EPS for the quarter, topping the consensus estimate 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 earned $4.45 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the business posted $0.57 earnings per share. Jabil Circuit’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts expect that Jabil Circuit, Inc. will post $2.08 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Jabil Circuit (NYSE:JBL)

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Monday, February 13th. Jabil Circuit’s dividend payout ratio (DPR) is 28.83%.

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Institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC raised its position in shares of Jabil Circuit by 148.5% in the third quarter. Penserra Capital Management LLC now owns 5,995 shares of the company’s stock valued at $130,000 after buying an additional 3,583 shares during the period. Virginia Retirement Systems ET AL bought a new position in shares of Jabil Circuit during the third quarter valued at approximately $209,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Jabil Circuit during the third quarter valued at approximately $219,000. Boothbay Fund Management LLC bought a new position in shares of Jabil Circuit during the fourth quarter valued at approximately $224,000. Finally, Cetera Advisors LLC bought a new position in shares of Jabil Circuit during the third quarter valued at approximately $244,000. 94.69% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on JBL shares. Standpoint Research raised shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research report on Tuesday, November 22nd. Zacks Investment Research cut shares of Jabil Circuit from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 22nd. B. Riley cut shares of Jabil Circuit from a “buy” rating to a “neutral” rating and decreased their price target for the company from $27.00 to $24.00 in a research report on Wednesday, December 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $23.00 price target on shares of Jabil Circuit in a research report on Thursday, December 15th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $22.00 price target (up previously from $20.00) on shares of Jabil Circuit in a research report on Monday, December 19th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Jabil Circuit currently has an average rating of “Hold” and an average target price of $24.58.

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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