Jabil Circuit, Inc. (JBL) Shares Bought by Nomura Holdings Inc.
Nomura Holdings Inc. raised its stake in Jabil Circuit, Inc. (NYSE:JBL) by 135.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,444 shares of the technology company’s stock after buying an additional 10,044 shares during the period. Nomura Holdings Inc.’s holdings in Jabil Circuit were worth $509,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of Jabil Circuit by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,194 shares of the technology company’s stock valued at $236,000 after purchasing an additional 109 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Jabil Circuit by 0.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 50,734 shares of the technology company’s stock valued at $1,482,000 after purchasing an additional 194 shares in the last quarter. IHT Wealth Management LLC boosted its stake in shares of Jabil Circuit by 142.6% in the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after purchasing an additional 211 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Jabil Circuit by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 41,972 shares of the technology company’s stock valued at $1,214,000 after purchasing an additional 502 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Jabil Circuit by 9.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock valued at $177,000 after purchasing an additional 547 shares in the last quarter. 92.86% of the stock is currently owned by hedge funds and other institutional investors.
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A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Jabil Circuit from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. ValuEngine cut shares of Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Jabil Circuit in a research note on Thursday, September 28th. UBS AG reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Jabil Circuit in a research note on Tuesday. Finally, Goldman Sachs Group Inc cut shares of Jabil Circuit from a “neutral” rating to a “sell” rating and cut their price objective for the company from $28.00 to $26.00 in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $30.50.
In other news, President William E. Peters sold 3,580 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $28.74, for a total transaction of $102,889.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Erich Hoch sold 2,500 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $28.49, for a total transaction of $71,225.00. Following the sale, the chief executive officer now directly owns 206,943 shares of the company’s stock, valued at $5,895,806.07. The disclosure for this sale can be found here. Insiders have sold 99,281 shares of company stock valued at $2,991,556 over the last ninety days. 2.90% of the stock is owned by insiders.
Shares of Jabil Circuit, Inc. (NYSE JBL) opened at 27.96 on Friday. Jabil Circuit, Inc. has a 12 month low of $20.32 and a 12 month high of $31.70. The stock has a market cap of $5.01 billion, a PE ratio of 43.02 and a beta of 0.59. The firm’s 50-day moving average is $29.63 and its 200 day moving average is $29.72.
Jabil Circuit (NYSE:JBL) last posted its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The company 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 quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. On average, equities analysts predict that Jabil Circuit, Inc. will post $2.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, November 14th. Jabil Circuit’s payout ratio is 46.38%.
Jabil Circuit announced that its Board of Directors has initiated a share buyback plan on Thursday, July 20th that authorizes the company to buyback $450.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 8.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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.
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