Jabil (NYSE:JBL) Sets New 12-Month High – Still a Buy?

Jabil, Inc. (NYSE:JBL) hit a new 52-week high during trading on Monday . The company traded as high as $346.22 and last traded at $338.8580, with a volume of 1224542 shares trading hands. The stock had previously closed at $341.65.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JBL. UBS Group raised their price target on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. The Goldman Sachs Group reiterated a “buy” rating and issued a $282.00 target price on shares of Jabil in a research note on Thursday, January 15th. Finally, Barclays boosted their target price on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $290.63.

Jabil Stock Performance

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 has a market cap of $34.85 billion, a P/E ratio of 44.34, a P/E/G ratio of 1.77 and a beta of 1.16. The firm has a 50 day moving average price of $279.00 and a 200-day moving average price of $244.26.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The business had revenue of $8.28 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business earned $1.94 EPS. On average, research analysts predict that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil’s payout ratio is presently 4.30%.

Insider Buying and Selling 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 transaction of $1,627,556.26. Following the completion of the transaction, the executive vice president owned 71,398 shares of the company’s stock, valued at $22,669,578.98. The trade was a 6.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anousheh Ansari sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director directly owned 31,800 shares in the company, valued at approximately $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 37,403 shares of company stock worth $11,123,611 in the last quarter. 1.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jabil

Large investors have recently made changes to their positions in the business. Greenline Wealth Management LLC bought a new stake in Jabil during the 4th quarter valued at approximately $28,000. First Horizon Corp bought a new stake in shares of Jabil in the third quarter valued at approximately $30,000. True Wealth Design LLC grew its stake in shares of Jabil by 250.0% in the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after acquiring an additional 100 shares during the last quarter. Virtus Advisers LLC bought a new position in Jabil during the fourth quarter worth $32,000. Finally, DV Equities LLC bought a new position in Jabil during the fourth quarter worth $34,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

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.