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Arrowstreet Capital Limited Partnership Buys 1,339,247 Shares of Jabil, Inc. $JBL
Arrowstreet Capital Limited Partnership significantly increased its holdings in Jabil, Inc. (NYSE:JBL) by 1,157.8% in Q3, purchasing an additional 1,339,247 shares and now owning 1.36% of the company. Other institutional investors also adjusted their positions in Jabil, which recently reported strong quarterly earnings, beating analyst estimates, and has a “Moderate Buy” consensus rating from analysts with an average price target of $270.50. The company’s stock has shown strong performance, and insider selling by executives has also been noted.