Jabil (NYSE:JBL) Hits New 52-Week High at $32.40
Shares of Jabil Inc (NYSE:JBL) hit a new 52-week high during trading on Wednesday . The company traded as high as $32.40 and last traded at $32.31, with a volume of 42516 shares traded. The stock had previously closed at $31.64.
A number of equities analysts have commented on JBL shares. Citigroup upgraded shares of Jabil from a “sell” rating to a “buy” rating and upped their target price for the stock from $27.00 to $36.00 in a research note on Thursday, August 29th. Zacks Investment Research downgraded shares of Jabil from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a research note on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $31.33.
The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.61 and a current ratio of 1.01. The firm has a market capitalization of $4.84 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.95 and a beta of 0.96. The stock’s 50 day simple moving average is $28.84 and its 200 day simple moving average is $28.78.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.01%. Jabil’s dividend payout ratio is presently 14.75%.
In other news, CEO Michael J. Loparco sold 3,500 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $31.50, for a total transaction of $110,250.00. Following the transaction, the chief executive officer now directly owns 282,943 shares in the company, valued at $8,912,704.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Bruce Allan Johnson sold 6,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $31.50, for a total transaction of $189,000.00. Following the transaction, the senior vice president now owns 147,700 shares in the company, valued at $4,652,550. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,500 shares of company stock worth $1,478,595. Insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Jabil by 17.6% during the first quarter. Janus Henderson Group PLC now owns 13,615 shares of the technology company’s stock valued at $362,000 after acquiring an additional 2,040 shares during the last quarter. Texas Permanent School Fund lifted its position in Jabil by 1.6% during the first quarter. Texas Permanent School Fund now owns 95,595 shares of the technology company’s stock valued at $2,542,000 after acquiring an additional 1,515 shares during the last quarter. Stephens Inc. AR purchased a new stake in Jabil during the first quarter valued at approximately $202,000. CIBC Asset Management Inc lifted its position in Jabil by 4.1% during the first quarter. CIBC Asset Management Inc now owns 10,141 shares of the technology company’s stock valued at $270,000 after acquiring an additional 398 shares during the last quarter. Finally, Raymond James & Associates lifted its position in Jabil by 8.0% during the first quarter. Raymond James & Associates now owns 103,180 shares of the technology company’s stock valued at $2,744,000 after acquiring an additional 7,617 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.
Jabil Company Profile (NYSE:JBL)
Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic circuit design services, such as application-specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).
See Also: Net Margin
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