Teachers Advisors LLC Has $8,148,000 Position in Jabil Circuit, Inc. (JBL)
Teachers Advisors LLC increased its position in shares of Jabil Circuit, Inc. (NYSE:JBL) by 3.2% during the third quarter, Holdings Channel reports. The fund owned 373,412 shares of the company’s stock after buying an additional 11,687 shares during the period. Teachers Advisors LLC owned 0.20% of Jabil Circuit worth $8,148,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Frontier Capital Management Co. LLC boosted its position in shares of 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. First Trust Advisors LP boosted its position in shares of 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 last quarter. BlackRock Fund Advisors boosted its position in shares of Jabil Circuit by 4.2% in the third quarter. BlackRock Fund Advisors now owns 6,943,708 shares of the company’s stock worth $151,512,000 after buying an additional 281,669 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Jabil Circuit during the second quarter worth about $48,592,000. Finally, LSV Asset Management boosted its position in shares of Jabil Circuit by 5.7% in the third quarter. LSV Asset Management now owns 1,954,201 shares of the company’s stock worth $42,640,000 after buying an additional 105,200 shares during the last quarter. 92.89% of the stock is owned by institutional investors.
Shares of Jabil Circuit, Inc. (NYSE:JBL) traded up 1.54% during trading on Friday, hitting $23.75. The company had a trading volume of 127,645 shares. The stock has a 50-day moving average of $22.67 and a 200 day moving average of $21.33. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 21.51 and a beta of 0.93. Jabil Circuit, Inc. has a 12-month low of $16.78 and a 12-month high of $25.14.
Jabil Circuit (NYSE:JBL) last posted its earnings results on Thursday, December 15th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm earned $5.10 billion during the quarter. Jabil Circuit had a return on equity of 11.81% and a net margin of 1.15%. Jabil Circuit’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. On average, analysts predict that Jabil Circuit, Inc. will post $2.04 EPS for the current fiscal year.
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A number of research firms recently issued reports on JBL. Zacks Investment Research raised Jabil Circuit from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Wednesday, September 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $23.00 price target (up from $21.00) on shares of Jabil Circuit in a report on Friday, September 30th. Standpoint Research raised Jabil Circuit from a “hold” rating to a “buy” rating in a report on Monday, November 28th. Deutsche Bank AG lifted their price target on Jabil Circuit from $18.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, September 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price target on shares of Jabil Circuit in a report on Tuesday, September 20th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Jabil Circuit presently has a consensus rating of “Hold” and an average target price of $31.15.
In other news, CEO Michael J. Loparco sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $24.40, for a total transaction of $97,600.00. Following the completion of the transaction, the chief executive officer now directly owns 267,815 shares in the company, valued at $6,534,686. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sergio Cadavid sold 4,005 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $25.00, for a total value of $100,125.00. Following the transaction, the senior vice president now owns 75,125 shares of the company’s stock, valued at $1,878,125. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
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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