Meeder Asset Management Boosts Investment in Jabil Inc with New Stake Purchase

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Jabil Inc ($NYSE:JBL). is a multinational manufacturing company that provides electronics design, production, and product management services to various industries such as healthcare, automotive, and technology. Meeder Asset Management Inc. is a financial services company that offers investment management solutions to individuals, businesses, and institutions. The company boasts a diverse portfolio of investments across various industries, including technology, healthcare, and consumer goods. Recently, Meeder Asset Management Inc. announced that it has acquired a new stake in Jabil Inc. This acquisition marks a significant boost in the investment for the manufacturing company. While the exact amount of the stake purchase has not been disclosed, it showcases Meeder’s confidence in the future growth potential of Jabil Inc. This new investment comes amidst a period of growth for Jabil Inc. The company has reported strong financial results in recent quarters, with revenue and earnings surpassing expectations. This can be attributed to the increase in demand for electronic products and the company’s ability to adapt and innovate in a rapidly changing market.

Meeder’s investment in Jabil Inc. further solidifies the company’s position as a leader in the manufacturing industry. With a renowned global presence and a strong track record of success, Jabil Inc. is well-positioned for continued growth and profitability. In conclusion, Meeder Asset Management Inc.’s investment in Jabil Inc. is a clear indication of the manufacturing company’s strong potential for growth and success. With both companies having established themselves as leaders in their respective industries, this partnership has the potential to bring mutual benefits and drive further success for both parties. As the market continues to evolve, it will be interesting to see how this new investment will contribute to the future of Jabil Inc. and the manufacturing sector as a whole.

Share Price

Meeder Asset Management Inc., a major investment management company, has recently announced a significant increase in their investment in Jabil Inc. On Friday, the stock of Jabil Inc opened at $104.73 and closed at $105.9, showing an increase of 2.02% from its previous closing price of $103.8. Jabil Inc., a leading global manufacturing solutions company, has been performing well in the market with consistent growth and steady financials. This has caught the attention of investors like Meeder Asset Management Inc., who see value in adding Jabil Inc. to their portfolio.

The company’s stock has been steadily rising, and their latest earnings report showed an increase in revenue and strong growth projections for the future. Furthermore, Jabil Inc.’s diverse portfolio of products and services, catering to various industries such as healthcare, automotive, and consumer electronics, adds to its appeal as a strong investment option. This diversity not only provides stability but also allows for potential expansion into new markets. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Jabil Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Jabil Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Jabil Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Jabil Inc are shown below. More…

Analysis

After conducting a thorough analysis of JABIL INC‘s financials, I have found that the company is a strong performer in terms of its finances. The overall health score for the company is 8 out of 10, indicating that it has a solid financial foundation and is capable of sustaining its operations even in times of crisis. One of the key strengths of JABIL INC is its strong performance in the star chart analysis. This indicates that the company is performing well in terms of profitability, asset management, growth, and dividend payouts. These are all important factors that investors look for in a company, making JABIL INC an attractive option for investors. In addition to its strong star chart performance, JABIL INC also has a high health score when it comes to its cash flows and debt management. This means that the company is effectively managing its cash flows and debt levels, reducing the risk of financial difficulties in the future. This is an important consideration for investors as it shows that the company is financially stable and has a lower risk profile. Based on our analysis, we have classified JABIL INC as a “rhino” type of company. This means that the company has achieved moderate revenue and earnings growth. While this may not be as impressive as some other companies with high growth rates, it still indicates that JABIL INC is a stable and reliable performer in the market. Overall, I believe that JABIL INC would be an attractive option for investors who are looking for a stable and profitable company with a solid financial foundation. The company’s strong performance in the star chart and its high health score make it an appealing choice for those seeking long-term investments. Additionally, the moderate growth of the company suggests that it may be a good fit for investors who prioritize stability and steady returns over high-risk, high-reward opportunities. More…

Peers

It is headquartered in St. Petersburg, Florida, and it has been in business since 1966. The company has more than 100,000 employees, and its revenue was $17.9 billion in 2017. Jabil Inc‘s main competitors are Flex Ltd, Venture Corp Ltd, and Suzhou Etron Technologies Co Ltd.

– Flex Ltd ($NASDAQ:FLEX)

Flex Ltd is a leading manufacturer of electronic components and assemblies. The company has a market capitalization of 7.97 billion as of 2022 and a return on equity of 18.46%. Flex Ltd is a diversified company that operates in a variety of industries, including automotive, consumer electronics, communications, computing, and industrial. The company has a strong global presence and is headquartered in Singapore. Flex Ltd is a publicly traded company on the Singapore Stock Exchange.

– Venture Corp Ltd ($SGX:V03)

Venture Corp Ltd is a Singapore-based company that provides electronic manufacturing services. The company has a market cap of 4.64B as of 2022 and a Return on Equity of 12.65%. The company’s primary businesses are in the areas of original design manufacturing, precision engineering, and electronics manufacturing services. The company also provides value-added services such as product development, assembly, and testing.

– Suzhou Etron Technologies Co Ltd ($SHSE:603380)

As of 2022, Suzhou Etron Technologies Co Ltd has a market cap of 4.81B and a Return on Equity of 13.48%. The company is engaged in the research, development, production and sales of optoelectronic products and solutions. The company’s products are used in a wide range of applications, including telecommunications, data communications, consumer electronics, automotive electronics, industrial electronics and medical electronics.

Summary

Meeder Asset Management Inc. recently made a significant investment in Jabil Inc, purchasing a new stake in the company. This move indicates confidence in Jabil’s potential for growth and success in the market. Investors may also be interested in Jabil due to its strong financial performance and positive outlook for the future.

However, as with any investment, it is important for investors to thoroughly analyze Jabil’s financials, management, and overall market trends before making any decisions. This will help ensure that the investment aligns with their goals and risk tolerance. Overall, Jabil’s recent stake purchase shows promise for the company’s future performance and may be worth considering for investors.