Macquarie Group Ltd. continued to hold its stake in Jabil Circuit Inc. (NYSE:JBL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,700 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in Jabil Circuit were worth $807,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC boosted 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 valued at $610,000 after buying an additional 132 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in Jabil Circuit during the second quarter valued at about $1,610,000. Calvert Investment Management Inc. acquired a new stake in Jabil Circuit during the second quarter valued at about $201,000. Walthausen & Co. LLC acquired a new stake in Jabil Circuit during the second quarter valued at about $6,436,000. Finally, Amalgamated Bank boosted its stake in Jabil Circuit by 8.4% in the second quarter. Amalgamated Bank now owns 25,457 shares of the company’s stock valued at $532,000 after buying an additional 1,971 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Jabil Circuit Inc. (NYSE:JBL) opened at 21.89 on Monday. The stock has a market cap of $4.14 billion, a PE ratio of 16.58 and a beta of 0.87. The stock has a 50 day moving average price of $21.38 and a 200-day moving average price of $19.51. Jabil Circuit Inc. has a one year low of $16.78 and a one year high of $26.00.
Jabil Circuit (NYSE:JBL) last released its quarterly earnings results on Wednesday, September 21st. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company earned $4.40 billion during the quarter. Jabil Circuit had a return on equity of 14.04% and a net margin of 1.63%. The business’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 company posted $0.53 EPS. Equities research analysts expect that Jabil Circuit Inc. will post $2.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.32 dividend on an annualized basis and a yield of 1.46%. Jabil Circuit’s payout ratio is 24.24%.
Several research firms recently issued reports on JBL. B. Riley reiterated a “buy” rating and set a $27.00 target price on shares of Jabil Circuit in a research report on Saturday. RBC Capital Markets reiterated a “sector perform” rating and set a $23.00 target price (up previously from $20.00) on shares of Jabil Circuit in a research report on Friday. Standpoint Research cut Jabil Circuit from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a research report on Thursday. Deutsche Bank AG increased their target price on Jabil Circuit from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Citigroup Inc. increased their target price on Jabil Circuit from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.86.
In related news, CEO Michael J. Loparco sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $21.90, for a total value of $43,800.00. Following the completion of the transaction, the chief executive officer now owns 241,092 shares of the company’s stock, valued at approximately $5,279,914.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President William E. Peters sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was 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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