AustralianSuper Pty Ltd reduced its stake in Jabil, Inc. by 37.1% during the third quarter. The major institutional investor sold 27,948 shares, according to a recent SEC filing.
AustralianSuper now holds 47,295 shares. These remaining shares were valued at approximately $10.27 million at the end of the quarter.
Institutional investors own 93.39% of Jabil's stock. This significant reduction in holdings offers insight into institutional sentiment regarding the stock.