Tudor Investment Corp ET AL Has $515,000 Position in Jabil Circuit, Inc. (JBL)

Tudor Investment Corp ET AL decreased its position in Jabil Circuit, Inc. (NYSE:JBL) by 45.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,643 shares of the technology company’s stock after selling 14,894 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Jabil Circuit were worth $515,000 as of its most recent filing with the Securities and Exchange Commission.

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

In related news, CEO Mark T. Mondello sold 30,000 shares of the company’s 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 completion of the sale, the chief executive officer now owns 1,877,619 shares in the company, valued at $58,807,027.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 90,521 shares of company stock valued at $2,740,446 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

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

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

Jabil Circuit declared that its board has authorized a stock repurchase program on Thursday, July 20th that permits the company to buyback $450.00 million in shares. This buyback authorization permits the technology company to repurchase up to 8.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts have recently commented on the stock. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $40.00 price objective on shares of Jabil Circuit in a research note on Thursday, September 28th. ValuEngine downgraded shares of Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub downgraded shares of Jabil Circuit from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research raised shares of Jabil Circuit from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Monday, October 2nd. Finally, Bank of America Corporation downgraded shares of Jabil Circuit from a “buy” rating to a “neutral” rating in a research report on Monday, September 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.50.

Jabil Circuit Profile

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.

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

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