Aberdeen Group plc Has $4.78 Million Stock Holdings in Jbs N.V. $JBS

Aberdeen Group plc increased its position in shares of Jbs N.V. (NYSE:JBS) by 2,382.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 317,627 shares of the company’s stock after purchasing an additional 304,833 shares during the period. Aberdeen Group plc’s holdings in JBS were worth $4,777,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in shares of JBS during the second quarter valued at $161,969,000. State Street Corp bought a new position in shares of JBS in the 2nd quarter valued at about $84,109,000. Maple Rock Capital Partners Inc. bought a new stake in JBS in the second quarter valued at about $32,342,000. Geode Capital Management LLC acquired a new stake in shares of JBS in the 2nd quarter valued at approximately $31,092,000. Finally, Dendur Capital LP acquired a new position in shares of JBS in the 2nd quarter valued at $28,051,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JBS shares. The Goldman Sachs Group set a $18.50 price target on shares of JBS in a report on Wednesday, November 26th. Zacks Research lowered JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. UBS Group upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, February 6th. Finally, Mizuho set a $20.00 price objective on shares of JBS in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.40.

JBS Price Performance

NYSE:JBS opened at $16.30 on Friday. Jbs N.V. has a 52 week low of $12.37 and a 52 week high of $17.80. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. The firm’s fifty day moving average is $15.05 and its 200-day moving average is $14.58.

JBS 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.