Trade Report: The Jabil Circuit Inc. (JBL) Stake Decreased by Vanguard Group Inc.

The Jabil Circuit Inc. (JBL) Stake Decreased by Vanguard Group Inc.

Vanguard Group Inc. decreased its stake in Jabil Circuit Inc. (NYSE:JBL) by 5.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 12,935,513 shares of the company’s stock after selling 794,022 shares during the period. Vanguard Group Inc. owned approximately 6.77% of Jabil Circuit worth $238,919,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its stake in Jabil Circuit by 873.4% in the first quarter. Meeder Asset Management Inc. now owns 41,836 shares of the company’s stock valued at $807,000 after buying an additional 37,538 shares during the period. State Street Corp boosted its stake in Jabil Circuit by 0.4% in the first quarter. State Street Corp now owns 6,957,106 shares of the company’s stock valued at $134,060,000 after buying an additional 29,792 shares during the period. Pegasus Partners Ltd. purchased a new stake in Jabil Circuit during the first quarter valued at $512,000. Kempen Capital Management N.V. boosted its stake in Jabil Circuit by 141.6% in the first quarter. Kempen Capital Management N.V. now owns 18,395 shares of the company’s stock valued at $354,000 after buying an additional 10,782 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Jabil Circuit during the first quarter valued at $5,507,000. Institutional investors own 89.91% of the company’s stock.

Jabil Circuit Inc. (NYSE:JBL) opened at 21.31 on Friday. The company’s 50 day moving average is $21.74 and its 200-day moving average is $19.64. Jabil Circuit Inc. has a 52-week low of $16.78 and a 52-week high of $26.00. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 16.14 and a beta of 1.03.

Jabil Circuit (NYSE:JBL) last issued its quarterly earnings data on Wednesday, September 21st. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The business had revenue of $4.40 billion for the quarter. Jabil Circuit had a net margin of 1.38% and a return on equity of 12.22%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. Equities analysts anticipate that Jabil Circuit Inc. will post $2.04 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Citigroup Inc. increased their price objective on shares of Jabil Circuit from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, September 22nd. Standpoint Research lowered shares of Jabil Circuit from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research note on Thursday, September 22nd. Royal Bank Of Canada increased their target price on shares of Jabil Circuit from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 22nd. Deutsche Bank AG increased their target price on shares of Jabil Circuit from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, September 22nd. Finally, Needham & Company LLC lowered shares of Jabil Circuit from a “buy” rating to a “hold” rating in a research note on Thursday, September 22nd. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Jabil Circuit presently has a consensus rating of “Buy” and a consensus price target of $30.93.

In other Jabil Circuit news, CEO Michael J. Loparco sold 2,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $21.90, for a total transaction of $43,800.00. Following the transaction, the chief executive officer now directly owns 241,092 shares of the company’s stock, valued at approximately $5,279,914.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President William E. Peters sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $23.25, for a total transaction of $465,000.00. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

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