Jabil Circuit, Inc. (JBL) Shares Bought by Axa

Axa boosted its stake in Jabil Circuit, Inc. (NYSE:JBL) by 5.2% during the first quarter, Holdings Channel reports. The fund owned 161,200 shares of the technology company’s stock after buying an additional 7,900 shares during the period. Axa’s holdings in Jabil Circuit were worth $4,662,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its stake in Jabil Circuit by 58.9% in the first quarter. Dynamic Technology Lab Private Ltd now owns 69,632 shares of the technology company’s stock valued at $2,014,000 after buying an additional 25,821 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Jabil Circuit by 47.5% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 1,085,785 shares of the technology company’s stock valued at $31,399,000 after buying an additional 349,612 shares during the last quarter. American International Group Inc. boosted its stake in Jabil Circuit by 1.7% in the first quarter. American International Group Inc. now owns 364,453 shares of the technology company’s stock valued at $10,540,000 after buying an additional 6,245 shares during the last quarter. Schroder Investment Management Group boosted its stake in Jabil Circuit by 29.0% in the first quarter. Schroder Investment Management Group now owns 60,061 shares of the technology company’s stock valued at $1,745,000 after buying an additional 13,511 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in Jabil Circuit during the first quarter valued at approximately $14,008,000. 94.69% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Jabil Circuit (NYSE:JBL)

Shares of Jabil Circuit, Inc. (JBL) traded up 0.630% during mid-day trading on Tuesday, hitting $31.135. 410,786 shares of the stock traded hands. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 38.822 and a beta of 0.86. Jabil Circuit, Inc. has a 52 week low of $17.27 and a 52 week high of $31.20. The stock has a 50-day moving average of $29.30 and a 200-day moving average of $26.02.

Jabil Circuit (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 15th. The technology company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Jabil Circuit had a net margin of 1.15% and a return on equity of 11.81%. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the business posted $0.57 EPS. Jabil Circuit’s quarterly revenue was up .9% on a year-over-year basis. Analysts anticipate that Jabil Circuit, Inc. will post $2.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, May 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.03%. Jabil Circuit’s dividend payout ratio (DPR) is 28.83%.

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Several research firms have commented on JBL. ValuEngine raised shares of Jabil Circuit from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research cut shares of Jabil Circuit from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $27.00 target price on shares of Jabil Circuit in a research note on Tuesday, May 2nd. Stifel Nicolaus lifted their target price on shares of Jabil Circuit from $26.00 to $29.00 and gave the stock a “hold” rating in a research note on Friday, March 24th. Finally, Goldman Sachs Group Inc lifted their target price on shares of Jabil Circuit from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, March 16th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.25.

In other news, President William E. Peters sold 10,000 shares of the stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $26.50, for a total transaction of $265,000.00. Following the transaction, the president now owns 743,422 shares in the company, valued at approximately $19,700,683. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alessandro Parimbelli sold 12,858 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $26.68, for a total transaction of $343,051.44. Following the transaction, the chief executive officer now owns 311,125 shares in the company, valued at approximately $8,300,815. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 455,897 shares of company stock worth $13,030,876. 2.90% of the stock is currently owned by company insiders.

About Jabil Circuit

Jabil circuit, Inc provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JBL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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