Wilsey Asset Management Inc buys $6,752,632 stake in Jabil Circuit (JBL)

Jabil Circuit (JBL) : Wilsey Asset Management Inc scooped up 5,038 additional shares in Jabil Circuit during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 377,664 shares of Jabil Circuit which is valued at $6,752,632.Jabil Circuit makes up approximately 4.75% of Wilsey Asset Management Inc’s portfolio.

Jabil Circuit closed down -0.12 points or -0.67% at $17.88 with 28,65,416 shares getting traded on Friday. Post opening the session at $17.92, the shares hit an intraday low of $17.66 and an intraday high of $18.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Denali Advisors sold out all of its stake in JBL during the most recent quarter. The investment firm sold 38,100 shares of JBL which is valued $681,228. Proficio Capital Partners added JBL to its portfolio by purchasing 22 company shares during the most recent quarter which is valued at $398. Eqis Capital Management added JBL to its portfolio by purchasing 14,522 company shares during the most recent quarter which is valued at $262,993. Jabil Circuit makes up approx 0.02% of Eqis Capital Management’s portfolio.Foundry Partners boosted its stake in JBL in the latest quarter, The investment management firm added 129,150 additional shares and now holds a total of 447,940 shares of Jabil Circuit which is valued at $8,112,193. Jabil Circuit makes up approx 0.81% of Foundry Partners’s portfolio.Weaver C. Barksdale Associates boosted its stake in JBL in the latest quarter, The investment management firm added 605 additional shares and now holds a total of 3,520 shares of Jabil Circuit which is valued at $63,747. Jabil Circuit makes up approx 0.05% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Jabil Circuit reported $0.57 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Mar 16, 2016. Analyst had a consensus of $0.59. The company had revenue of $4404.00 million for the quarter, compared to analysts expectations of $4487.49 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Jabil Circuit. Jabil Circuit was Downgraded by Argus to ” Hold” on Mar 18, 2016. Shares were Reiterated by RBC Capital Mkts on Mar 17, 2016 to “Sector Perform” and Lowered the Price Target to $ 21 from a previous price target of $23 .Shares were Reiterated by Needham on Mar 17, 2016 to “Buy” and Lowered the Price Target to $ 25 from a previous price target of $29 .

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. The Company’s operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT) supply chain design and engineering technologies centered on core electronics. The DMS segment is focused on providing engineering solutions heavy participation in consumer markets access to higher growth markets and a focus on material sciences and technologies.

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