Sei Investments Co. increased its stake in Jbs N.V. (NYSE:JBS – Free Report) by 52.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,490 shares of the company’s stock after buying an additional 59,296 shares during the quarter. Sei Investments Co.’s holdings in JBS were worth $3,080,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of JBS. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of JBS by 34.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,300 shares of the company’s stock worth $6,456,000 after acquiring an additional 117,500 shares during the last quarter. Spectrum Strategic Capital Management LLC bought a new position in JBS during the 4th quarter valued at about $1,204,000. Robeco Institutional Asset Management B.V. grew its holdings in JBS by 714.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 442,794 shares of the company’s stock valued at $6,385,000 after purchasing an additional 388,460 shares during the last quarter. Davis Selected Advisers purchased a new stake in JBS in the 4th quarter worth about $170,945,000. Finally, Hsbc Holdings PLC lifted its stake in JBS by 113.6% in the first quarter. Hsbc Holdings PLC now owns 189,000 shares of the company’s stock worth $3,375,000 after purchasing an additional 100,533 shares during the last quarter.
Analysts Set New Price Targets
Several brokerages have issued reports on JBS. Mizuho upgraded JBS to a “strong-buy” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. upgraded JBS from a “neutral” rating to an “overweight” rating and set a $18.00 price target on the stock in a report on Tuesday, July 28th. UBS Group set a $17.00 price target on JBS in a research note on Tuesday, May 19th. Barclays dropped their price objective on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Weiss Ratings downgraded JBS from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $18.75.
JBS Stock Up 3.9%
Shares of JBS stock opened at $14.22 on Friday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 0.82 and a beta of -1.65. The firm’s 50-day moving average is $12.44 and its two-hundred day moving average is $14.67. Jbs N.V. has a 1 year low of $11.49 and a 1 year high of $18.65.
JBS (NYSE:JBS – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). JBS had a net margin of 1.98% and a return on equity of 19.28%. The business had revenue of $21.61 billion during the quarter. JBS’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, research analysts expect that Jbs N.V. will post 1.46 earnings per share for the current fiscal year.
JBS Company Profile
JBS SA is a global leader in the production and processing of meat products, with a focus on beef, pork and poultry. Headquartered in São Paulo, Brazil, the company operates through an extensive network of owned facilities and partnerships that span the Americas, Europe and the Asia-Pacific region. JBS supplies fresh, frozen and value-added protein solutions for retail, foodservice and industrial customers, and is active across the entire supply chain—from livestock procurement and feed production to slaughtering, processing, packaging and distribution.
Founded in 1953 by José Batista Sobrinho in Anápolis, Goiás, JBS began as a small slaughterhouse and expanded rapidly through strategic acquisitions and organic growth.
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