Jabil (NYSE:JBL) Hits New 1-Year High – What’s Next?

Shares of Jabil Inc. (NYSE:JBL) reached a new 52-week high during trading on Wednesday . The stock traded as high as $159.60 and last traded at $158.07, with a volume of 95180 shares trading hands. The stock had previously closed at $155.97.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on JBL shares. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group upped their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, UBS Group increased their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus target price of $153.17.

Jabil Trading Up 0.3 %

The business’s fifty day moving average is $139.30 and its 200-day moving average is $122.25. The firm has a market cap of $17.47 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the business earned $2.60 EPS. Analysts predict that Jabil Inc. will post 7.89 EPS for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Friday, November 15th. Jabil’s dividend payout ratio (DPR) is 3.07%.

Insider Transactions at Jabil

In related news, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the sale, the executive vice president now owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This trade represents a 6.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the sale, the director now owns 139,108 shares in the company, valued at $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,689 shares of company stock valued at $8,527,871 in the last quarter. 1.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jabil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in Jabil during the 2nd quarter valued at about $382,000. American Century Companies Inc. grew its holdings in Jabil by 10.8% during the 2nd quarter. American Century Companies Inc. now owns 219,644 shares of the technology company’s stock valued at $23,895,000 after buying an additional 21,336 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Jabil during the 2nd quarter valued at about $413,000. Dimensional Fund Advisors LP grew its holdings in Jabil by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company’s stock valued at $178,058,000 after buying an additional 106,808 shares in the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of Jabil by 3.0% during the second quarter. Primecap Management Co. CA now owns 3,682,875 shares of the technology company’s stock worth $400,660,000 after purchasing an additional 107,800 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).