Jabil Circuit, Inc. (NYSE:JBL) CEO Erich Hoch sold 2,500 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $28.49, for a total transaction of $71,225.00. Following the transaction, the chief executive officer now directly owns 206,943 shares in the company, valued at $5,895,806.07. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Erich Hoch also recently made the following trade(s):

  • On Tuesday, October 17th, Erich Hoch sold 2,680 shares of Jabil Circuit stock. The stock was sold at an average price of $28.73, for a total transaction of $76,996.40.
  • On Tuesday, July 25th, Erich Hoch sold 521 shares of Jabil Circuit stock. The stock was sold at an average price of $30.99, for a total transaction of $16,145.79.

Shares of Jabil Circuit, Inc. (JBL) opened at 27.85 on Friday. The stock has a 50 day moving average of $29.72 and a 200 day moving average of $29.73. The stock has a market cap of $4.99 billion, a P/E ratio of 42.85 and a beta of 0.59. Jabil Circuit, Inc. has a one year low of $20.32 and a one year high of $31.70.

Jabil Circuit (NYSE:JBL) last announced its 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. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates 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 was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. Equities analysts expect that Jabil Circuit, Inc. will post $2.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.15%. Jabil Circuit’s dividend payout ratio is presently 46.38%.

Jabil Circuit declared that its Board of Directors has initiated a share buyback plan on Thursday, July 20th that authorizes the company to repurchase $450.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 8.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/20/jabil-circuit-inc-jbl-ceo-sells-71225-00-in-stock.html.

Several research analysts have issued reports on JBL shares. J P Morgan Chase & Co reissued a “buy” rating and set a $40.00 price objective 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 raised shares of Jabil Circuit from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective 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 issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Jabil Circuit presently has a consensus rating of “Hold” and a consensus target price of $30.50.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc grew its position in Jabil Circuit by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 914,334 shares of the technology company’s stock valued at $26,688,000 after buying an additional 43,628 shares in the last quarter. Chicago Equity Partners LLC grew its position in Jabil Circuit by 315.7% in the 2nd quarter. Chicago Equity Partners LLC now owns 185,845 shares of the technology company’s stock valued at $5,425,000 after buying an additional 141,140 shares in the last quarter. Martingale Asset Management L P grew its position in Jabil Circuit by 62.0% in the 2nd quarter. Martingale Asset Management L P now owns 249,995 shares of the technology company’s stock valued at $7,298,000 after buying an additional 95,635 shares in the last quarter. Teachers Advisors LLC grew its position in Jabil Circuit by 0.4% in the 1st quarter. Teachers Advisors LLC now owns 502,040 shares of the technology company’s stock valued at $14,519,000 after buying an additional 2,138 shares in the last quarter. Finally, PGGM Investments grew its position in Jabil Circuit by 2.7% in the 2nd quarter. PGGM Investments now owns 113,091 shares of the technology company’s stock valued at $3,301,000 after buying an additional 3,006 shares in the last quarter. Hedge funds and other institutional investors own 92.86% 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.

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

Receive News & Stock Ratings for Jabil Circuit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil Circuit Inc. and related stocks with our FREE daily email newsletter.