Jabil (NYSE:JBL) Reaches New 52-Week High – What’s Next?

Jabil, Inc. (NYSE:JBL)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $352.67 and last traded at $348.9530, with a volume of 120040 shares traded. The stock had previously closed at $340.80.

Analyst Ratings Changes

Several research firms recently weighed in on JBL. Wall Street Zen lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. UBS Group lifted their target price on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. The Goldman Sachs Group restated a “buy” rating and set a $282.00 target price on shares of Jabil in a report on Thursday, January 15th. Robert W. Baird lifted their target price on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Finally, Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Jabil presently has an average rating of “Buy” and an average price target of $290.63.

Jabil Trading Down 6.1%

The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The firm has a market cap of $36.89 billion, a price-to-earnings ratio of 46.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.29. The business has a 50 day moving average price of $287.17 and a 200-day moving average price of $249.22.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, research analysts expect that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 4.30%.

Insider Activity

In other Jabil news, SVP Gary K. Schick sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $340.00, for a total transaction of $340,000.00. Following the completion of the sale, the senior vice president owned 39,843 shares in the company, valued at $13,546,620. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP May Yee Yap sold 1,634 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total value of $501,213.16. Following the sale, the senior vice president owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. This trade represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,981 shares of company stock worth $11,360,740 over the last quarter. Corporate insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Jabil

A number of hedge funds have recently bought and sold shares of JBL. Norges Bank acquired a new stake in Jabil during the 4th quarter valued at approximately $407,299,000. Arrowstreet Capital Limited Partnership grew its stake in Jabil by 1,157.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock valued at $315,964,000 after purchasing an additional 1,339,247 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Jabil by 45.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after purchasing an additional 591,364 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Jabil during the 4th quarter worth approximately $121,710,000. Finally, Allianz Asset Management GmbH lifted its holdings in Jabil by 180.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after buying an additional 487,595 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

About Jabil

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.