First Trust Advisors LP Has $7.45 Million Holdings in Jabil Circuit, Inc. (JBL)
First Trust Advisors LP trimmed its stake in Jabil Circuit, Inc. (NYSE:JBL) by 33.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 260,833 shares of the technology company’s stock after selling 132,704 shares during the period. First Trust Advisors LP owned about 0.15% of Jabil Circuit worth $7,447,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in Jabil Circuit by 1.3% in the first quarter. PNC Financial Services Group Inc. now owns 8,194 shares of the technology company’s stock valued at $236,000 after acquiring an additional 109 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Jabil Circuit by 142.6% during the second quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after purchasing an additional 211 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Jabil Circuit by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock worth $177,000 after purchasing an additional 547 shares during the last quarter. Colonial Trust Advisors grew its holdings in shares of Jabil Circuit by 4.1% during the second quarter. Colonial Trust Advisors now owns 15,400 shares of the technology company’s stock worth $450,000 after purchasing an additional 600 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Jabil Circuit by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 54,550 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 831 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.
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In related news, President William E. Peters sold 3,580 shares of Jabil Circuit stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $28.74, for a total transaction of $102,889.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark T. Mondello sold 30,000 shares of Jabil Circuit stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.02, for a total value of $870,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,680 shares of company stock valued at $3,721,246. Insiders own 2.90% of the company’s stock.
Jabil Circuit, Inc. (NYSE:JBL) opened at $28.66 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.54. The firm has a market capitalization of $5,053.76, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 1.07 and a beta of 0.53. Jabil Circuit, Inc. has a one year low of $20.32 and a one year high of $31.70.
Jabil Circuit (NYSE:JBL) last released its quarterly earnings data 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. Jabil Circuit had a return on equity of 14.47% and a net margin of 0.68%. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the firm posted $0.28 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. equities research analysts predict that Jabil Circuit, Inc. will post 2.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.12%. Jabil Circuit’s payout ratio is 46.38%.
Jabil Circuit declared that its Board of Directors has authorized a stock 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 repurchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several equities analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) lowered Jabil Circuit from a “neutral” rating to a “sell” rating and cut their price target for the company from $28.00 to $26.00 in a research note on Tuesday, October 10th. ValuEngine raised Jabil Circuit from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. BidaskClub lowered Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. UBS AG reaffirmed a “buy” rating and set a $35.00 price target on shares of Jabil Circuit in a research note on Tuesday, October 17th. Finally, Bank of America Corporation lowered Jabil Circuit from a “buy” rating to a “neutral” rating in a research note 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 given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.50.
About Jabil Circuit
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.
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