Numeric Investors LLC Purchases Shares of 38,300 Jabil Circuit, Inc. (JBL)

Numeric Investors LLC purchased a new position in shares of Jabil Circuit, Inc. (NYSE:JBL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 38,300 shares of the technology company’s stock, valued at approximately $1,118,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Jabil Circuit by 10,288.7% during the 1st quarter. BlackRock Inc. now owns 15,301,794 shares of the technology company’s stock worth $442,528,000 after acquiring an additional 15,154,502 shares in the last quarter. Vanguard Group Inc. increased its holdings in Jabil Circuit by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 13,967,548 shares of the technology company’s stock worth $407,712,000 after purchasing an additional 134,408 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Jabil Circuit by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,951,206 shares of the technology company’s stock worth $173,715,000 after purchasing an additional 309,380 shares during the last quarter. AJO LP increased its holdings in Jabil Circuit by 7,383.3% during the 2nd quarter. AJO LP now owns 3,512,607 shares of the technology company’s stock worth $102,533,000 after purchasing an additional 3,465,668 shares during the last quarter. Finally, LSV Asset Management increased its holdings in Jabil Circuit by 11.8% during the 2nd quarter. LSV Asset Management now owns 3,071,682 shares of the technology company’s stock worth $89,662,000 after purchasing an additional 323,845 shares during the last quarter. 93.05% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Circuit, Inc. (NYSE:JBL) opened at 28.57 on Wednesday. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 43.95 and a beta of 0.59. The company’s 50-day moving average price is $30.11 and its 200 day moving average price is $29.76. Jabil Circuit, Inc. has a 52-week low of $20.32 and a 52-week high of $31.70.

Jabil Circuit (NYSE:JBL) last posted its earnings results on Wednesday, September 27th. The technology company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.86 billion. Jabil Circuit had a return on equity of 14.47% and a net margin of 0.68%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Equities analysts predict that Jabil Circuit, Inc. will post $2.59 earnings per share for the current fiscal year.

Jabil Circuit announced that its board has initiated a stock buyback plan on Thursday, July 20th that permits the company to repurchase $450.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Several equities research analysts have issued reports on JBL shares. Needham & Company LLC restated a “buy” rating and set a $30.00 price objective on shares of Jabil Circuit in a report on Tuesday, June 13th. Stifel Nicolaus lifted their price objective on Jabil Circuit from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, June 15th. Royal Bank Of Canada lifted their price objective on Jabil Circuit from $27.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday, June 15th. UBS AG restated a “buy” rating and set a $35.00 price objective (up from $30.00) on shares of Jabil Circuit in a report on Friday, June 16th. Finally, BidaskClub downgraded Jabil Circuit from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.50.

WARNING: “Numeric Investors LLC Purchases Shares of 38,300 Jabil Circuit, Inc. (JBL)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/11/numeric-investors-llc-purchases-shares-of-38300-jabil-circuit-inc-jbl.html.

In other Jabil Circuit news, CEO Mark T. Mondello sold 30,000 shares of Jabil Circuit stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $31.32, for a total value of $939,600.00. Following the sale, the chief executive officer now owns 1,877,619 shares of the company’s stock, valued at approximatel

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Jabil Circuit by 10,288.7% during the 1st quarter. BlackRock Inc. now owns 15,301,794 shares of the technology company’s stock worth $442,528,000 after acquiring an additional 15,154,502 shares in the last quarter. Vanguard Group Inc. increased its holdings in Jabil Circuit by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 13,967,548 shares of the technology company’s stock worth $407,712,000 after purchasing an additional 134,408 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Jabil Circuit by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,951,206 shares of the technology company’s stock worth $173,715,000 after purchasing an additional 309,380 shares during the last quarter. AJO LP increased its holdings in Jabil Circuit by 7,383.3% during the 2nd quarter. AJO LP now owns 3,512,607 shares of the technology company’s stock worth $102,533,000 after purchasing an additional 3,465,668 shares during the last quarter. Finally, LSV Asset Management increased its holdings in Jabil Circuit by 11.8% during the 2nd quarter. LSV Asset Management now owns 3,071,682 shares of the technology company’s stock worth $89,662,000 after purchasing an additional 323,845 shares during the last quarter. 93.05% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Circuit, Inc. (NYSE:JBL) opened at 28.57 on Wednesday. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 43.95 and a beta of 0.59. The company’s 50-day moving average price is $30.11 and its 200 day moving average price is $29.76. Jabil Circuit, Inc. has a 52-week low of $20.32 and a 52-week high of $31.70.

Jabil Circuit (NYSE:JBL) last posted its earnings results on Wednesday, September 27th. The technology company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.86 billion. Jabil Circuit had a return on equity of 14.47% and a net margin of 0.68%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Equities analysts predict that Jabil Circuit, Inc. will post $2.59 earnings per share for the current fiscal year.

Jabil Circuit announced that its board has initiated a stock buyback plan on Thursday, July 20th that permits the company to repurchase $450.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Several equities research analysts have issued reports on JBL shares. Needham & Company LLC restated a “buy” rating and set a $30.00 price objective on shares of Jabil Circuit in a report on Tuesday, June 13th. Stifel Nicolaus lifted their price objective on Jabil Circuit from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, June 15th. Royal Bank Of Canada lifted their price objective on Jabil Circuit from $27.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday, June 15th. UBS AG restated a “buy” rating and set a $35.00 price objective (up from $30.00) on shares of Jabil Circuit in a report on Friday, June 16th. Finally, BidaskClub downgraded Jabil Circuit from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.50.

WARNING: “Numeric Investors LLC Purchases Shares of 38,300 Jabil Circuit, Inc. (JBL)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/11/numeric-investors-llc-purchases-shares-of-38300-jabil-circuit-inc-jbl.html.

In other Jabil Circuit news, CEO Mark T. Mondello sold 30,000 shares of Jabil Circuit stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $31.32, for a total value of $939,600.00. Following the sale, the chief executive officer now owns 1,877,619 shares of the company’s stock, valued at approximately $58,807,027.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 90,521 shares of company stock worth $2,740,446 in the last three months. Company insiders own 2.90% of the company’s stock.

About Jabil Circuit

Jabil Inc, formerly 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.

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

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