Jabil (NYSE:JBL) Reaches New 1-Year High – Here’s What Happened

Jabil, Inc. (NYSE:JBL)’s stock price hit a new 52-week high on Friday . The stock traded as high as $386.64 and last traded at $385.7690, with a volume of 185698 shares changing hands. The stock had previously closed at $376.89.

Analyst Ratings Changes

JBL has been the subject of several analyst reports. UBS Group raised their price target on Jabil from $273.00 to $380.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Bank of America lifted their price objective on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Barclays lifted their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and a consensus target price of $339.75.

Jabil Stock Up 2.1%

The stock has a market cap of $40.58 billion, a PE ratio of 51.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.28. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The company’s 50-day moving average price is $339.33 and its 200 day moving average price is $276.51.

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

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio is presently 4.30%.

Insider Activity at Jabil

In related news, SVP May Yee Yap sold 1,634 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the transaction, the senior vice president directly owned 23,787 shares in the company, valued at approximately $7,296,424.38. The trade was a 6.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Priestley sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $301.00, for a total value of $1,204,000.00. Following the transaction, the executive vice president owned 60,267 shares of the company’s stock, valued at approximately $18,140,367. This trade represents a 6.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,981 shares of company stock worth $11,360,740 in the last quarter. 1.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JBL. Greenline Wealth Management LLC bought a new position in shares of Jabil during the 4th quarter valued at approximately $28,000. Veracity Capital LLC lifted its holdings in Jabil by 4,144.3% in the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after purchasing an additional 3,647 shares in the last quarter. Virtus Advisers LLC purchased a new position in Jabil in the 4th quarter worth approximately $32,000. DV Equities LLC purchased a new position in Jabil in the 4th quarter worth approximately $34,000. Finally, Wilkerson Advisory Group LLC purchased a new position in Jabil in the 4th quarter worth approximately $34,000. 93.39% of the stock is currently owned by institutional investors.

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.