Capital Fund Management S.A. acquired a new position in shares of Jabil Circuit Inc. (NYSE:JBL) during the second quarter, Holdings Channel reports. The firm acquired 159,010 shares of the company’s stock, valued at approximately $2,937,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Jabil Circuit during the fourth quarter worth about $46,756,000. Aperio Group LLC raised its position in shares of Jabil Circuit by 47.1% in the first quarter. Aperio Group LLC now owns 55,686 shares of the company’s stock worth $1,073,000 after buying an additional 17,826 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Jabil Circuit by 10.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,526,574 shares of the company’s stock worth $29,417,000 after buying an additional 140,826 shares during the period. Aston Asset Management LLC raised its position in shares of Jabil Circuit by 1.9% in the first quarter. Aston Asset Management LLC now owns 85,959 shares of the company’s stock worth $1,656,000 after buying an additional 1,633 shares during the period. Finally, BlackRock Inc. raised its position in shares of Jabil Circuit by 17.9% in the first quarter. BlackRock Inc. now owns 89,153 shares of the company’s stock worth $1,718,000 after buying an additional 13,557 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.
Jabil Circuit Inc. (NYSE:JBL) traded up 0.60% on Tuesday, reaching $21.74. The company had a trading volume of 2,760,246 shares. The firm has a 50 day moving average price of $21.59 and a 200-day moving average price of $19.53. Jabil Circuit Inc. has a 12 month low of $16.78 and a 12 month high of $26.00. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 16.47 and a beta of 1.03.
Jabil Circuit (NYSE:JBL) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.28 EPS for the quarter, topping 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 return on equity of 12.22% and a net margin of 1.38%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Analysts forecast that Jabil Circuit Inc. will post $2.04 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the company. Raymond James Financial Inc. upgraded Jabil Circuit from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $21.00 to $26.00 in a research report on Friday, July 15th. Goldman Sachs Group Inc. raised Jabil Circuit from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $16.00 to $21.00 in a research note on Tuesday, September 20th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 price objective on shares of Jabil Circuit in a research note on Tuesday, September 20th. RBC Capital Markets reissued a “sector perform” rating and issued a $23.00 price objective (up previously from $20.00) on shares of Jabil Circuit in a research note on Friday, September 23rd. Finally, B. Riley reissued a “buy” rating and issued a $27.00 price objective on shares of Jabil Circuit in a research note on Tuesday. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.93.
In other Jabil Circuit news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President William E. Peters sold 20,000 shares of the 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 company insiders.
About Jabil Circuit
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.
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil Circuit Inc. (NYSE:JBL).
Receive News & Ratings for Jabil Circuit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil Circuit Inc. and related companies with MarketBeat.com's FREE daily email newsletter.