Jabil Circuit, Inc. (JBL) Shares Sold by North Star Asset Management Inc.

North Star Asset Management Inc. lessened its position in Jabil Circuit, Inc. (NYSE:JBL) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,605 shares of the technology company’s stock after selling 3,845 shares during the quarter. North Star Asset Management Inc.’s holdings in Jabil Circuit were worth $923,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its stake in Jabil Circuit by 142.6% in the second quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after acquiring an additional 211 shares during the last quarter. Advisor Group Inc. increased its stake in Jabil Circuit by 68.2% in the second quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after acquiring an additional 2,337 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Jabil Circuit by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock valued at $177,000 after acquiring an additional 547 shares during the last quarter. Stevens Capital Management LP bought a new position in Jabil Circuit in the second quarter valued at $206,000. Finally, Oppenheimer & Co. Inc. bought a new position in Jabil Circuit in the first quarter valued at $218,000. 93.05% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://ledgergazette.com/2017/10/15/jabil-circuit-inc-jbl-shares-sold-by-north-star-asset-management-inc.html.

In other Jabil Circuit news, CEO Mark T. Mondello sold 30,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $31.32, for a total value of $939,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,877,619 shares of the company’s stock, valued at approximately $58,807,027.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 90,521 shares of company stock valued at $2,740,446. 2.90% of the stock is owned by corporate insiders.

JBL has been the topic of a number of research analyst reports. ValuEngine raised Jabil Circuit from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. Needham & Company LLC reissued a “buy” rating and issued a $37.00 target price on shares of Jabil Circuit in a research note on Friday, September 1st. Citigroup Inc. reissued a “sell” rating and issued a $28.00 target price on shares of Jabil Circuit in a research note on Thursday, September 28th. Stifel Nicolaus reissued a “hold” rating and issued a $30.00 target price on shares of Jabil Circuit in a research note on Thursday, September 28th. Finally, BidaskClub cut Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Jabil Circuit currently has an average rating of “Hold” and a consensus target price of $30.50.

Jabil Circuit, Inc. (NYSE JBL) traded down 0.14% during trading on Friday, reaching $28.24. 5,573,795 shares of the company were exchanged. The company’s 50-day moving average price is $29.94 and its 200-day moving average price is $29.74. Jabil Circuit, Inc. has a 1-year low of $20.32 and a 1-year high of $31.70. The stock has a market capitalization of $5.06 billion, a P/E ratio of 43.45 and a beta of 0.59.

Jabil Circuit (NYSE:JBL) last released its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Jabil Circuit had a net margin of 0.68% and a return on equity of 14.47%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. On average, equities analysts forecast that Jabil Circuit, Inc. will post $2.58 EPS for the current year.

Jabil Circuit announced that its board has initiated a stock repurchase plan on Thursday, July 20th that authorizes the company to repurchase $450.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 8.2% of its shares through open mar

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its stake in Jabil Circuit by 142.6% in the second quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after acquiring an additional 211 shares during the last quarter. Advisor Group Inc. increased its stake in Jabil Circuit by 68.2% in the second quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after acquiring an additional 2,337 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Jabil Circuit by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock valued at $177,000 after acquiring an additional 547 shares during the last quarter. Stevens Capital Management LP bought a new position in Jabil Circuit in the second quarter valued at $206,000. Finally, Oppenheimer & Co. Inc. bought a new position in Jabil Circuit in the first quarter valued at $218,000. 93.05% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://ledgergazette.com/2017/10/15/jabil-circuit-inc-jbl-shares-sold-by-north-star-asset-management-inc.html.

In other Jabil Circuit news, CEO Mark T. Mondello sold 30,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $31.32, for a total value of $939,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,877,619 shares of the company’s stock, valued at approximately $58,807,027.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 90,521 shares of company stock valued at $2,740,446. 2.90% of the stock is owned by corporate insiders.

JBL has been the topic of a number of research analyst reports. ValuEngine raised Jabil Circuit from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. Needham & Company LLC reissued a “buy” rating and issued a $37.00 target price on shares of Jabil Circuit in a research note on Friday, September 1st. Citigroup Inc. reissued a “sell” rating and issued a $28.00 target price on shares of Jabil Circuit in a research note on Thursday, September 28th. Stifel Nicolaus reissued a “hold” rating and issued a $30.00 target price on shares of Jabil Circuit in a research note on Thursday, September 28th. Finally, BidaskClub cut Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Jabil Circuit currently has an average rating of “Hold” and a consensus target price of $30.50.

Jabil Circuit, Inc. (NYSE JBL) traded down 0.14% during trading on Friday, reaching $28.24. 5,573,795 shares of the company were exchanged. The company’s 50-day moving average price is $29.94 and its 200-day moving average price is $29.74. Jabil Circuit, Inc. has a 1-year low of $20.32 and a 1-year high of $31.70. The stock has a market capitalization of $5.06 billion, a P/E ratio of 43.45 and a beta of 0.59.

Jabil Circuit (NYSE:JBL) last released its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Jabil Circuit had a net margin of 0.68% and a return on equity of 14.47%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. On average, equities analysts forecast that Jabil Circuit, Inc. will post $2.58 EPS for the current year.

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

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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