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

Key Points

• Jabil hit a new 52-week high, trading as high as $281.67 (last ~$280.31) during mid-day and was up about 1.6% on the session.
• Jabil beat quarterly expectations with EPS of $2.69 vs. $2.51 and revenue of $8.28B (up 23.1% year-over-year); analysts are generally bullish with a consensus "Moderate Buy" and an average price target of $283.25, while some firms have targets up to $304.

Jabil, Inc. (NYSE:JBL - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $281.67 and last traded at $280.3120, with a volume of 172866 shares. The stock had previously closed at $277.38.

Wall Street Analysts Forecast Growth

JBL has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and set a $282.00 target price on shares of Jabil in a research note on Thursday, January 15th. Weiss Ratings restated a "hold (c)" rating on shares of Jabil in a research note on Friday, January 9th. Wall Street Zen upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Barclays raised their target price on shares of Jabil from $283.00 to $304.00 and gave the company an "overweight" rating in a research note on Wednesday, March 18th. Finally, UBS Group boosted 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $283.25.

Jabil Trading Up 1.6%

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 stock has a market capitalization of $29.76 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 1.46 and a beta of 1.22. The business has a fifty day moving average of $254.51 and a 200-day moving average of $229.45.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.28 billion for the quarter, compared to analysts' expectations of $7.75 billion. During the same quarter in the previous year, the company posted $1.94 EPS. The business's revenue was up 23.1% compared to the same quarter last year. On average, equities analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Insider Buying and Selling

In related news, SVP Gary K. Schick sold 422 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $243.77, for a total value of $102,870.94. Following the completion of the sale, the senior vice president owned 41,843 shares in the company, valued at approximately $10,200,068.11. This represents a 1.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $236.25, for a total transaction of $4,725,000.00. Following the transaction, the chairman owned 1,151,459 shares in the company, valued at approximately $272,032,188.75. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 78,018 shares of company stock valued at $18,997,051. Company insiders own 1.35% of the company's stock.

Institutional Trading of Jabil

Hedge funds and other institutional investors have recently modified their holdings of the business. Stance Capital LLC purchased a new stake in Jabil in the 4th quarter worth about $3,330,000. Corient Private Wealth LLC grew its stake in Jabil by 5.7% during the 4th quarter. Corient Private Wealth LLC now owns 35,792 shares of the technology company's stock valued at $8,162,000 after acquiring an additional 1,946 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Jabil by 7.5% in the 4th quarter. Hsbc Holdings PLC now owns 274,258 shares of the technology company's stock valued at $62,613,000 after purchasing an additional 19,037 shares during the period. Reflection Asset Management purchased a new stake in shares of Jabil in the fourth quarter worth approximately $52,000. Finally, DGS Capital Management LLC purchased a new stake in shares of Jabil in the fourth quarter worth approximately $207,000. 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.

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