BlackRock Amends Jabil Inc. Stake, Remains Key Shareholder
Ticker: JBL · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 898293
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Jabil Inc. holdings, still a major player.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating a change in its ownership of Jabil Inc. Common Stock as of December 31, 2023. This filing, Amendment No. 10, shows that BlackRock continues to be a significant institutional holder, which can provide stability but also means large movements by BlackRock could impact Jabil's stock price. This matters to investors because BlackRock's substantial stake suggests confidence in Jabil, but any future reduction in their holdings could signal a negative outlook.
Why It Matters
BlackRock's continued significant ownership in Jabil Inc. signals institutional confidence, but any future changes in their stake could influence market perception and stock price.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder in Jabil Inc. and monitor future 13G/A filings for any significant changes in their stake, which could signal a shift in institutional sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Jabil Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 10 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 10' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' in the filing.
What is the subject company whose securities are being reported?
The subject company is Jabil Inc., as identified by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JABIL INC' and 'Name of Issuer) JABIL INC' in the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing under 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Jabil Inc. is 466313103, as listed in the filing under 'CUSIP Number'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding JABIL INC (JBL).