Jabil (NYSE:JBL) Hits New 12-Month High – What’s Next?

Shares of Jabil, Inc. (NYSE:JBL) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $375.24 and last traded at $374.32, with a volume of 33602 shares trading hands. The stock had previously closed at $364.35.

Analyst Ratings Changes

Several equities analysts recently issued reports on JBL shares. The Goldman Sachs Group upped their price objective on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Zacks Research cut Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Barclays increased their price target on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Finally, UBS Group increased their price target on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Jabil presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.38.

Jabil Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $39.94 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. The firm has a 50 day moving average price of $309.89 and a 200 day moving average price of $261.04.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.51 by $0.18. The firm had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.Jabil’s revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.94 EPS. Research analysts anticipate that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed 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. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil’s dividend payout ratio is 4.30%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Jabil

Institutional investors have recently bought and sold shares of the business. Greenline Wealth Management LLC purchased a new stake in Jabil in the 4th quarter worth $28,000. Virtus Advisers LLC purchased a new position in shares of Jabil during the fourth quarter valued at about $32,000. DV Equities LLC purchased a new position in shares of Jabil during the fourth quarter valued at about $34,000. Wilkerson Advisory Group LLC purchased a new position in shares of Jabil during the fourth quarter valued at about $34,000. Finally, Leonteq Securities AG purchased a new position in shares of Jabil during the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Company Profile

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.