Jabil (NYSE:JBL) Sets New 52-Week High – Time to Buy?

Jabil, Inc. (NYSE:JBL) hit a new 52-week high during trading on Wednesday . The stock traded as high as $287.00 and last traded at $287.8480, with a volume of 5484 shares trading hands. The stock had previously closed at $272.85.

Analysts Set New Price Targets

Several brokerages have commented on JBL. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. Stifel Nicolaus lifted their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. lifted their price objective on shares of Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Bank of America lifted their price objective on shares of Jabil from $280.00 to $295.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $283.25.

Jabil Stock Performance

The firm’s 50-day moving average price is $258.51 and its two-hundred day moving average price is $233.10. 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 stock has a market cap of $30.03 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.39 and a beta of 1.16.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.18. The firm had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. On average, analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s payout ratio is presently 4.30%.

Insider Activity

In other news, SVP Adam E. Berry sold 1,596 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $253.20, for a total transaction of $404,107.20. Following the transaction, the senior vice president owned 18,920 shares of the company’s stock, valued at approximately $4,790,544. The trade was a 7.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Dastoor sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $246.91, for a total transaction of $3,703,650.00. Following the completion of the transaction, the chief executive officer directly owned 262,566 shares in the company, valued at $64,830,171.06. The trade was a 5.40% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 61,018 shares of company stock worth $15,093,181. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Greenline Wealth Management LLC acquired a new position in Jabil in the fourth quarter valued at about $28,000. True Wealth Design LLC lifted its position in shares of Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Jabil during the third quarter worth about $30,000. Veracity Capital LLC lifted its position in shares of Jabil by 4,144.3% during the fourth 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. Finally, Virtus Advisers LLC acquired a new stake in shares of Jabil during the fourth quarter worth about $32,000. 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.