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

Jabil, Inc. (NYSE:JBL)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $375.24 and last traded at $374.32, with a volume of 33602 shares traded. The stock had previously closed at $364.35.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Robert W. Baird upped their target price on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. UBS Group increased their price target on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Finally, Stifel Nicolaus boosted their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. One investment 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $303.38.

Jabil Stock Down 2.5%

The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The business has a 50 day simple moving average of $314.73 and a 200 day simple moving average of $263.28. The stock has a market cap of $39.12 billion, a PE ratio of 49.77, a P/E/G ratio of 1.97 and a beta of 1.29.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.18. The business 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%.The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.94 EPS. On average, equities research analysts forecast that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Insider Activity at Jabil

In other news, Director Anousheh Ansari sold 2,000 shares of Jabil stock in a transaction on Friday, April 10th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director directly owned 31,800 shares of the company’s stock, valued at $9,540,000. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the sale, the senior vice president owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. This represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jabil

Several large investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in Jabil by 33.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock worth $5,742,000 after purchasing an additional 6,594 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Jabil in the third quarter valued at approximately $57,799,000. Envestnet Asset Management Inc. boosted its position in Jabil by 9.1% during the third quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock worth $67,732,000 after purchasing an additional 25,932 shares during the period. Winnow Wealth LLC acquired a new stake in shares of Jabil during the 3rd quarter worth about $1,077,000. Finally, Todd Asset Management LLC increased its stake in Jabil by 1.9% during the 4th quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock worth $76,696,000 after acquiring an additional 6,179 shares during the period. 93.39% of the stock is currently owned by institutional investors.

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.