First Trust Advisors LP Raises Position in Jabil Circuit Inc. (JBL)
First Trust Advisors LP raised its stake in shares of Jabil Circuit Inc. (NYSE:JBL) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 723,172 shares of the company’s stock after buying an additional 58,270 shares during the period. First Trust Advisors LP owned about 0.39% of Jabil Circuit worth $15,780,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC raised its position in Jabil Circuit by 57.2% in the second quarter. FMR LLC now owns 16,352,044 shares of the company’s stock worth $302,022,000 after buying an additional 5,952,664 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in Jabil Circuit during the second quarter worth about $48,592,000. Emerald Acquisition Ltd. purchased a new position in Jabil Circuit during the second quarter worth about $23,781,000. Fairpointe Capital LLC raised its position in Jabil Circuit by 14.6% in the second quarter. Fairpointe Capital LLC now owns 6,716,504 shares of the company’s stock worth $124,054,000 after buying an additional 857,238 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in Jabil Circuit by 26.6% in the second quarter. Frontier Capital Management Co. LLC now owns 2,839,072 shares of the company’s stock worth $52,438,000 after buying an additional 597,003 shares during the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.
Jabil Circuit Inc. (NYSE:JBL) traded down 0.439% during midday trading on Monday, hitting $21.525. 934,270 shares of the stock were exchanged. The company has a 50 day moving average price of $21.34 and a 200 day moving average price of $20.34. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 16.307 and a beta of 0.94. Jabil Circuit Inc. has a one year low of $16.78 and a one year high of $26.00.
Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data on Wednesday, September 21st. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Jabil Circuit had a net margin of 1.38% and a return on equity of 12.22%. The firm had revenue of $4.40 billion for the quarter. During the same period in the prior year, the company earned $0.53 EPS. The firm’s revenue was down 6.0% compared to the same quarter last year. Equities analysts anticipate that Jabil Circuit Inc. will post $2.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, November 10th. Jabil Circuit’s dividend payout ratio is currently 24.24%.
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A number of research analysts have issued reports on the stock. Standpoint Research raised shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research note on Monday. 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. B. Riley reissued a “buy” rating and set a $27.00 target price on shares of Jabil Circuit in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $23.00 target price (up from $21.00) on shares of Jabil Circuit in a research note on Friday, September 30th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $23.00 target price (up from $20.00) on shares of Jabil Circuit in a research note on Friday, September 23rd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Jabil Circuit has a consensus rating of “Hold” and a consensus target price of $30.93.
In other news, President William E. Peters sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $23.25, for a total value of $465,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael J. Loparco sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $21.90, for a total transaction of $43,800.00. Following the completion of the transaction, the chief executive officer now directly owns 241,092 shares in the company, valued at approximately $5,279,914.80. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Jabil Circuit Company Profile
Jabil Circuit, Inc provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries.
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