Published On: Sat, Sep 17th, 2016

Insider Selling: Jabil Circuit Inc. (JBL) CEO Sells 2,000 Shares of Stock

Jabil Circuit Inc. (NYSE:JBL) CEO Michael J. Loparco sold 2,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 241,092 shares of the company’s stock, valued at $5,279,914.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Michael J. Loparco also recently made the following trade(s):

On Tuesday, July 26th, Michael J. Loparco sold 5,000 shares of Jabil Circuit stock. The shares were sold at an average price of $20.23, for a total value of $101,150.00.

Jabil Circuit Inc. (NYSE:JBL) opened at 22.48 on Friday. The stock has a market cap of $4.30 billion, a P/E ratio of 14.34 and a beta of 0.87. Jabil Circuit Inc. has a 52-week low of $16.78 and a 52-week high of $26.00. The firm’s 50-day moving average price is $21.01 and its 200 day moving average price is $19.47.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.32 annualized dividend and a dividend yield of 1.42%. Jabil Circuit’s dividend payout ratio is presently 20.38%.
Several research firms have recently commented on JBL. Royal Bank Of Canada reissued a “hold” rating on shares of Jabil Circuit in a report on Saturday, June 18th. B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Jabil Circuit in a report on Monday, June 13th. Raymond James Financial Inc. reissued a “buy” rating on shares of Jabil Circuit in a report on Wednesday, July 27th. Argus reissued a “hold” rating on shares of Jabil Circuit in a report on Thursday, June 16th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Jabil Circuit in a report on Friday, June 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $31.45.
Several institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Jabil Circuit by 57.2% in the second quarter. FMR LLC now owns 16,352,044 shares of the company’s stock valued at $302,022,000 after buying an additional 5,952,664 shares in the last quarter. State Street Corp increased its position in shares of 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 in the last quarter. Fairpointe Capital LLC increased its position in shares of Jabil Circuit by 14.6% in the second quarter. Fairpointe Capital LLC now owns 6,716,504 shares of the company’s stock valued at $124,054,000 after buying an additional 857,238 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Jabil Circuit by 6.4% in the second quarter. BlackRock Fund Advisors now owns 6,662,039 shares of the company’s stock valued at $123,048,000 after buying an additional 399,355 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Jabil Circuit by 4.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,818,253 shares of the company’s stock valued at $107,463,000 after buying an additional 244,250 shares in the last quarter. Institutional investors and hedge funds own 90.12% of the company’s stock.
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.

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