Robeco Institutional Asset Management B.V. Reduces $23M in Jabil Inc. ($JBL)
Key Points
- Robeco Institutional Asset Management B.V. changed its Jabil Inc. ($JBL) stake by 4.9% last quarter, cutting to 1,187,268 shares worth $456.88 million.
- Wall Street's consensus rating on $JBL is Buy and an average price target of $358.89.
- $JBL last traded around $384.82.
Robeco Institutional Asset Management B.V. trimmed its position in Jabil Inc. ($JBL) by 4.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,187,268 shares of Jabil Inc. after selling 60,705 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Jabil Inc. were worth $456.88 million as of its most recent filing.
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About Jabil Inc.
Jabil Inc. provides engineering, manufacturing, and supply chain solutions worldwide. It operates in three segments: Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce. The company offers electronic hardware, and embedded software design services for analog, digital, radio frequency, power, sensor, and optical component applications; creates, develops, and connects concepts and specifications that optimize the function, value, and appearance of products for both consumers and manufacturing partners; design of plastic and metal components, enclosures, sub-assemblies, and systems, with advanced modeling and analysis of electronic, electro-mechanical, and optical assemblies; detail design, environmental applications, thermal and tooling management; develop solutions for virtual and/or augmented reality, light detection and ranging, 3D sensing, projection, and imaging; delivering PCBA design with CAD tools; and electrical and mechanical assemblies. The company also offers cloud data center server platforms; medical and consumer health devices; automotive assemblies; a digital commerce ecosystem; and smart controls and security for digital building and utilities. In addition, the company offers systems assembly, test, direct-order fulfillment, and configure-to-order services. It serves 5G, wireless and cloud, digital print and retail, industrial and semi-cap, networking and storage, automotive and transportation, connected devices, healthcare and packaging, and mobility industries. The company was formerly known as Jabil Circuit, Inc. Jabil Inc. was founded in 1966 and is based in Saint Petersburg, Florida.
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