Insider Selling: Jabil Circuit, Inc. (JBL) CEO Sells 5,023 Shares of Stock

Jabil Circuit, Inc. (NYSE:JBL) CEO Mark T. Mondello sold 5,023 shares of Jabil Circuit stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $28.41, for a total transaction of $142,703.43. Following the sale, the chief executive officer now owns 2,057,619 shares of the company’s stock, valued at approximately $58,456,955.79. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Jabil Circuit, Inc. (NYSE:JBL) traded up 0.45% on Monday, reaching $28.93. 2,510,088 shares of the company were exchanged. Jabil Circuit, Inc. has a 12 month low of $16.78 and a 12 month high of $29.19. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 26.20 and a beta of 0.86. The company’s 50-day moving average price is $25.68 and its 200 day moving average price is $22.99.

Jabil Circuit (NYSE:JBL) last posted its earnings results on Wednesday, March 15th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm earned $4.45 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, equities research analysts expect that Jabil Circuit, Inc. will post $2.08 EPS for the current year.

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

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

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JBL has been the subject of several analyst reports. Zacks Investment Research cut shares of Jabil Circuit from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Standpoint Research upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research report on Monday, November 28th. Goldman Sachs Group Inc lifted their price target on shares of Jabil Circuit from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank AG reiterated a “hold” rating and set a $22.00 price target (up previously from $20.00) on shares of Jabil Circuit in a research report on Monday, December 19th. Finally, B. Riley upgraded shares of Jabil Circuit from a “neutral” rating to a “buy” rating in a research report on Thursday, December 15th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Jabil Circuit has an average rating of “Hold” and an average price target of $24.58.

Several hedge funds and other institutional investors have recently bought and sold shares of JBL. First Trust Advisors LP boosted its position in Jabil Circuit by 8.8% in the third quarter. First Trust Advisors LP now owns 723,172 shares of the company’s stock worth $15,780,000 after buying an additional 58,270 shares during the period. Mutual of America Capital Management LLC boosted its position in Jabil Circuit by 0.7% in the third quarter. Mutual of America Capital Management LLC now owns 146,260 shares of the company’s stock worth $3,191,000 after buying an additional 1,011 shares during the period. Quantbot Technologies LP bought a new position in Jabil Circuit during the third quarter worth approximately $2,070,000. Virginia Retirement Systems ET AL bought a new position in Jabil Circuit during the third quarter worth approximately $209,000. Finally, Peregrine Capital Management LLC bought a new position in Jabil Circuit during the third quarter worth approximately $10,175,000. 94.69% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:JBL

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