November 29, 2016 - By Darrin Black · 0 Comments
Jabil Circuit Inc (NYSE:JBL) institutional sentiment decreased to 0.78 in 2016 Q2. Its down -0.05, from 0.83 in 2016Q1. The ratio dived, as 130 funds started new or increased holdings, while 157 sold and reduced their stock positions in Jabil Circuit Inc. The funds in our partner’s database now hold: 169.60 million shares, down from 176.79 million shares in 2016Q1. Also, the number of funds holding Jabil Circuit Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 53 Reduced: 104 Increased: 97 New Position: 33.
Jabil circuit, Inc. provides electronic manufacturing services and solutions throughout the world. The company has a market cap of $3.92 billion. The Firm operates in two divisions, which include Electronics Manufacturing Services and Diversified Manufacturing Services (DMS). It has a 16.24 P/E ratio. 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.
About 1.04 million shares traded hands. Jabil Circuit, Inc. (NYSE:JBL) has risen 18.44% since April 26, 2016 and is uptrending. It has outperformed by 13.18% the S&P500.
Analysts await Jabil Circuit, Inc. (NYSE:JBL) to report earnings on December, 15 after the close. They expect $0.58 earnings per share, down 19.44% or $0.14 from last year’s $0.72 per share. JBL’s profit will be $106.39M for 9.21 P/E if the $0.58 EPS becomes a reality. After $0.28 actual earnings per share reported by Jabil Circuit, Inc. for the previous quarter, Wall Street now forecasts 107.14% EPS growth.
According to Zacks Investment Research, “Jabil Circuit, Inc. is a worldwide independent provider of electronic manufacturing services. It designs and manufactures electronic circuit board assemblies and systems for major original equipment manufacturers in the communications, computer peripherals, personal computer, automotive and consumer products industries. It serves its original equipment manufacturer customers with dedicated work cell business units that combine high volume, highly automated continuous flow manufacturing with advanced electronic design and design for manufacturability technologies.”
Texas Yale Capital Corp. holds 17.58% of its portfolio in Jabil Circuit, Inc. for 9.58 million shares. Wilsey Asset Management Inc owns 376,493 shares or 4.97% of their US portfolio. Moreover, Jasper Ridge Partners L.P. has 2.89% invested in the company for 2.23 million shares. The Illinois-based Fairpointe Capital Llc has invested 2.81% in the stock. Needham Investment Management Llc, a New York-based fund reported 452,500 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 6 insider sales for $901,873 net activity.
Ratings analysis reveals 42% of Jabil Circuit’s analysts are positive. Out of 12 Wall Street analysts rating Jabil Circuit, 5 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $17 while the high is $29. The stock’s average target of $23.56 is 10.25% above today’s ($21.37) share price. JBL was included in 27 notes of analysts from August 27, 2015. As per Friday, October 9, the company rating was initiated by B. Riley & Co. UBS upgraded the shares of JBL in a report on Wednesday, September 21 to “Buy” rating. The firm has “Sell” rating given on Thursday, March 17 by Citigroup. The firm earned “Sector Perform” rating on Thursday, September 22 by RBC Capital Markets. As per Thursday, June 16, the company rating was maintained by UBS. The rating was upgraded by Goldman Sachs on Tuesday, September 20 to “Neutral”. The stock of Jabil Circuit, Inc. (NYSE:JBL) earned “Buy” rating by B. Riley & Co on Thursday, March 17. Deutsche Bank maintained Jabil Circuit, Inc. (NYSE:JBL) on Thursday, September 22 with “Hold” rating. The rating was downgraded by Argus Research on Friday, March 18 to “Hold”. The company was maintained on Tuesday, December 22 by Argus Research.
Jabil circuit, Inc., incorporated on February 21, 1992, which provides electronic manufacturing services and solutions throughout the world. The Firm operates in two divisions, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Firm provides electronic design, production and product management services to companies in the automotive, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, emerging growth, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale and printing industries. The Firm serves its clients primarily with business units that combine automated, continuous flow manufacturing with electronic design and design for manufacturability.
Another recent and important Jabil Circuit, Inc. (NYSE:JBL) news was published by Nasdaq.com which published an article titled: “Jabil Circuit, Inc. (JBL) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016.
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By Darrin Black