Jabil (NYSE:JBL) Hits New 52-Week High – Should You Buy?

Jabil, Inc. (NYSE:JBL)’s share price hit a new 52-week high during trading 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.

Wall Street Analyst Weigh In

Several brokerages have commented on JBL. Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Stifel Nicolaus raised their price target on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. raised their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. UBS Group raised their price objective on shares of Jabil from $273.00 to $380.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Robert W. Baird raised their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $339.75.

Jabil Price Performance

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 stock has a market capitalization of $40.51 billion, a PE ratio of 51.66, a PEG ratio of 1.83 and a beta of 1.28. The company has a 50-day moving average of $337.08 and a 200 day moving average of $275.75.

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

Jabil Announces Dividend

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

Insider Transactions at Jabil

In other Jabil news, EVP Steven D. Borges sold 5,126 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $317.51, for a total value of $1,627,556.26. Following the completion of the transaction, the executive vice president owned 71,398 shares in the company, valued at $22,669,578.98. The trade was a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Gary K. Schick sold 1,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $340.00, for a total value of $340,000.00. Following the transaction, the senior vice president directly owned 39,843 shares of the company’s stock, valued at approximately $13,546,620. This represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,981 shares of company stock worth $11,360,740 in the last 90 days. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Jabil

Several hedge funds and other institutional investors have recently made changes to their positions in the business. DV Trading LLC acquired a new stake in shares of Jabil during the 1st quarter worth about $337,000. Parallel Advisors LLC increased its position in Jabil by 3.2% during the first quarter. Parallel Advisors LLC now owns 4,096 shares of the technology company’s stock worth $1,088,000 after buying an additional 126 shares during the period. BankChampaign National Association purchased a new position in shares of Jabil in the 1st quarter valued at approximately $227,000. Groupe la Francaise grew its stake in shares of Jabil by 2,475.9% in the 1st quarter. Groupe la Francaise now owns 747 shares of the technology company’s stock valued at $186,000 after purchasing an additional 718 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of Jabil in the 1st quarter valued at approximately $1,333,000. Institutional investors and hedge funds 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.