Trade Report: Today, First Trust Advisors LP Raises its position in Jabil Circuit Inc. (JBL) as a favorable investment target.

Today, First Trust Advisors LP Raises its position in Jabil Circuit Inc. (JBL) as a favorable investment target.

First Trust Advisors LP increased its stake in Jabil Circuit Inc. (NYSE:JBL) by 8.8% during the third quarter, Holdings Channel reports. The firm owned 723,172 shares of the company’s stock after buying an additional 58,270 shares during the period. First Trust Advisors LP’s holdings in Jabil Circuit were worth $15,780,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. World Asset Management Inc increased its stake in shares of Jabil Circuit by 1.0% in the second quarter. World Asset Management Inc now owns 11,987 shares of the company’s stock valued at $221,000 after buying an additional 120 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Jabil Circuit by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 33,007 shares of the company’s stock worth $610,000 after buying an additional 132 shares during the period. First Citizens Bank & Trust Co. increased its stake in Jabil Circuit by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 20,803 shares of the company’s stock worth $454,000 after buying an additional 281 shares during the period. Ifrah Financial Services Inc. increased its stake in Jabil Circuit by 2.1% in the second quarter. Ifrah Financial Services Inc. now owns 17,279 shares of the company’s stock worth $319,000 after buying an additional 360 shares during the period. Finally, United Services Automobile Association increased its stake in Jabil Circuit by 2.2% in the second quarter. United Services Automobile Association now owns 29,590 shares of the company’s stock worth $547,000 after buying an additional 630 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Jabil Circuit Inc. (NYSE:JBL) traded down 0.439% during midday trading on Monday, hitting $21.525. The stock had a trading volume of 934,270 shares. The stock has a market cap of $3.99 billion, a P/E ratio of 16.307 and a beta of 0.94. The company has a 50-day moving average price of $21.34 and a 200-day moving average price of $20.34. Jabil Circuit Inc. has a 52 week low of $16.78 and a 52 week high of $26.00.

Jabil Circuit (NYSE:JBL) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business earned $4.40 billion during the quarter. Jabil Circuit had a return on equity of 12.22% and a net margin of 1.38%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. Equities analysts expect that Jabil Circuit Inc. will post $2.06 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, November 10th. Jabil Circuit’s payout ratio is currently 24.24%.

JBL has been the topic of a number of recent research reports. B. Riley reiterated a “buy” rating and issued a $27.00 price objective on shares of Jabil Circuit in a report on Saturday, September 24th. Bank of America Corp. set a $24.00 price objective on shares of Jabil Circuit and gave the company a “buy” rating in a report on Tuesday, September 20th. Needham & Company LLC reiterated a “buy” rating and issued a $23.00 price objective on shares of Jabil Circuit in a report on Tuesday, September 20th. TheStreet upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating in a report on Thursday, September 8th. Finally, Standpoint Research upgraded shares of Jabil Circuit from a “hold” rating to a “buy” rating in a report on Tuesday, November 22nd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.93.

In other news, CEO Michael J. Loparco sold 2,000 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $22.90, for a total transaction of $45,800.00. Following the completion of the sale, the chief executive officer now directly owns 239,092 shares of the company’s stock, valued at approximately $5,475,206.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President William E. Peters sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $23.25, for a total value of $465,000.00. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

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.

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