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

Key Points

• Stock hit a new 52-week high — Jabil traded as high as $352.67 (last $348.95) while the consensus analyst rating remains "Buy" with an average price target of $290.63.
• Jabil beat quarterly estimates with EPS $2.69 vs. $2.51 expected and revenue $8.28B vs. $7.75B, up 23.1% year-over-year; the company shows a very high ROE (80.96%) but a modest net margin (2.48%).
• The company announced a quarterly dividend of $0.08 (annualized $0.32, yield ~0.1%), while insiders sold about 37,981 shares (~$11.36M) over the past three months and institutional investors own ~93.39% of the stock.

Jabil, Inc. (NYSE:JBL - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $352.67 and last traded at $348.9530, with a volume of 120040 shares changing hands. The stock had previously closed at $340.80.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. 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. Weiss Ratings downgraded shares of Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, April 24th. Zacks Research raised shares of Jabil from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. Stifel Nicolaus increased their price target on shares of Jabil from $255.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Jabil from $270.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $290.63.

Jabil Stock Down 0.3%

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 company's 50-day simple moving average is $281.97 and its two-hundred day simple moving average is $246.17. The firm has a market capitalization of $35.86 billion, a P/E ratio of 45.44, a P/E/G ratio of 1.78 and a beta of 1.29.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.18. The business had revenue of $8.28 billion for 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 business's revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. As a group, research analysts expect that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil's dividend payout ratio (DPR) is 4.30%.

Insider Activity at Jabil

In other news, Director Anousheh Ansari sold 2,000 shares of the business'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 owned 31,800 shares in the company, valued at approximately $9,540,000. The trade was a 5.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Priestley sold 4,000 shares of the company's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the completion of the sale, the executive vice president directly owned 60,267 shares of the company's stock, valued at $18,140,367. The trade was a 6.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,981 shares of company stock worth $11,360,740 over the last three months. Corporate insiders own 1.35% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its position in shares of Jabil by 0.7% in the third quarter. State Street Corp now owns 5,199,646 shares of the technology company's stock valued at $1,129,207,000 after purchasing an additional 36,646 shares during the last quarter. Primecap Management Co. CA grew its holdings in Jabil by 0.4% during the 4th quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company's stock valued at $762,424,000 after buying an additional 12,600 shares during the last quarter. Geode Capital Management LLC increased its position in Jabil by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company's stock worth $661,783,000 after buying an additional 42,422 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Jabil by 45.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company's stock worth $429,714,000 after acquiring an additional 591,364 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Jabil in the fourth quarter worth $407,299,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.