Jabil Circuit Inc. (JBL) CEO Michael J. Loparco Sells 2,000 Shares of Stock
Jabil Circuit Inc. (NYSE:JBL) CEO Michael J. Loparco sold 2,000 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $22.90, for a total value of $45,800.00. Following the completion of the sale, the chief executive officer now directly owns 239,092 shares of the company’s stock, valued at $5,475,206.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Michael J. Loparco also recently made the following trade(s):
- On Tuesday, July 26th, Michael J. Loparco sold 5,000 shares of Jabil Circuit stock. The shares were sold at an average price of $20.23, for a total value of $101,150.00.
Shares of Jabil Circuit Inc. (NYSE:JBL) opened at 23.73 on Thursday. The firm’s 50-day moving average price is $21.27 and its 200-day moving average price is $19.49. The stock has a market cap of $4.53 billion, a P/E ratio of 15.13 and a beta of 0.87. Jabil Circuit Inc. has a 52-week low of $16.78 and a 52-week high of $26.00.
Jabil Circuit (NYSE:JBL) last announced its earnings results on Wednesday, September 21st. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business earned $4.40 billion during the quarter. Jabil Circuit had a net margin of 1.63% and a return on equity of 14.04%. Jabil Circuit’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Equities analysts predict that Jabil Circuit Inc. will post $1.83 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.35%. Jabil Circuit’s dividend payout ratio is presently 20.38%.
Large investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC bought a new stake in shares of Jabil Circuit during the second quarter worth $181,000. Calvert Investment Management Inc. acquired a new stake in shares of Jabil Circuit during the second quarter worth about $201,000. LS Investment Advisors LLC increased its stake in shares of Jabil Circuit by 71.2% in the second quarter. LS Investment Advisors LLC now owns 11,551 shares of the company’s stock worth $213,000 after buying an additional 4,802 shares during the last quarter. World Asset Management Inc increased its stake in shares of Jabil Circuit by 1.0% in the second quarter. World Asset Management Inc now owns 11,987 shares of the company’s stock worth $221,000 after buying an additional 120 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Jabil Circuit by 22.8% in the first quarter. LPL Financial LLC now owns 11,912 shares of the company’s stock worth $222,000 after buying an additional 2,209 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
Several brokerages have weighed in on JBL. Raymond James Financial Inc. raised Jabil Circuit from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $21.00 to $26.00 in a report on Friday, July 15th. Goldman Sachs Group Inc. raised Jabil Circuit from a “sell” rating to a “neutral” rating and increased their price objective for the company from $16.00 to $21.00 in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $23.00 price objective on shares of Jabil Circuit in a report on Tuesday. UBS AG reduced their price objective on Jabil Circuit from $22.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, June 16th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $21.00 price objective on shares of Jabil Circuit in a report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Jabil Circuit has an average rating of “Hold” and an average target price of $31.67.
About Jabil Circuit
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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