Norges Bank made a new investment in
Jabil Inc. amounting to $192.96M, while
Principal Financial Group Inc. sold 338969 shares of the same company. Jabil reiterated its
FY24 Guidance but withdrew its FY25 view, leading to a 12% drop in stock price. Despite this, Jabil is seen as a good momentum stock to buy because of its fast pace growth.
BNP Paribas Financial Markets,
Kentucky Retirement Systems, and
BI Asset Management Fondsmaeglerselskab A S increased their stock position in Jabil, while shares sold by Principal Financial Group Inc. and
Amalgamated Bank reduced its position.
QRG Capital Management Inc. also sold 1558 shares, and Jabil updated its Q3 2024 Earnings Guidance. Jabil's CAGR outpaced company's earnings growth over a five-year period. Meanwhile, the company's 2025 guidance was withdrawn, leading to the resignation of CEO Kenneth Wilson. Other investors such as the Teachers Retirement System of Texas, M&T Bank Corp, and Russell Investments Group Ltd. reduced their stake in Jabil, while Apollon Wealth Management LLC and International Assets Investment Management LLC took new positions.
Jabil Stocks JBL News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Thu, 23 May 2024 16:08:15 GMT -
Rating -2
- Innovation -4
- Information 5
- Rumor 3
