Frontier Capital Management Co. LLC boosted its position in shares of Jabil Circuit Inc. (NYSE:JBL) by 26.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,839,072 shares of the company’s stock after buying an additional 597,003 shares during the period. Frontier Capital Management Co. LLC’s holdings in Jabil Circuit were worth $52,438,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in JBL. Squarepoint Ops LLC purchased a new position in shares of Jabil Circuit during the first quarter worth approximately $692,000. Quentec Asset Management LLC purchased a new position in shares of Jabil Circuit during the first quarter worth approximately $6,551,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Jabil Circuit by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 174,441 shares of the company’s stock worth $3,361,000 after buying an additional 5,972 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Jabil Circuit by 63.7% in the first quarter. Envestnet Asset Management Inc. now owns 41,482 shares of the company’s stock worth $799,000 after buying an additional 16,146 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Jabil Circuit by 4.3% in the first quarter. Nuveen Asset Management LLC now owns 493,954 shares of the company’s stock worth $9,518,000 after buying an additional 20,300 shares during the last quarter. 89.79% of the stock is owned by institutional investors and hedge funds.
Jabil Circuit Inc. (NYSE:JBL) traded down 0.51% on Friday, reaching $21.42. The company had a trading volume of 1,611,791 shares. The firm has a 50-day moving average of $21.82 and a 200-day moving average of $19.86. The stock has a market capitalization of $3.98 billion, a P/E ratio of 16.23 and a beta of 1.03. Jabil Circuit Inc. has a 12 month low of $16.78 and a 12 month high of $26.00.
Jabil Circuit (NYSE:JBL) last posted its earnings results on Wednesday, September 21st. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Jabil Circuit had a return on equity of 12.22% and a net margin of 1.38%. The firm had revenue of $4.40 billion for the quarter. During the same period in the previous year, the company posted $0.53 EPS. Jabil Circuit’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts expect that Jabil Circuit Inc. will post $2.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, November 10th. Jabil Circuit’s dividend payout ratio is presently 24.24%.
Several equities research analysts recently commented on the company. Raymond James Financial Inc. raised Jabil Circuit from an “outperform” rating to a “strong-buy” rating and increased their price target 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 target for the company from $16.00 to $21.00 in a report on Tuesday, September 20th. 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. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $23.00 price target (up previously from $20.00) on shares of Jabil Circuit in a report on Friday, September 23rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $27.00 price target on shares of Jabil Circuit in a report on Tuesday, October 4th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.93.
In other Jabil Circuit news, President William E. Peters sold 20,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $23.25, for a total transaction of $465,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael J. Loparco sold 2,000 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $21.90, for a total value of $43,800.00. Following the transaction, the chief executive officer now directly owns 241,092 shares in the company, valued at approximately $5,279,914.80. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Jabil Circuit Company Profile
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.