APG Asset Management N.V. Invests $2.01 Million in Jbs N.V. $JBS

APG Asset Management N.V. bought a new stake in Jbs N.V. (NYSE:JBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 134,800 shares of the company’s stock, valued at approximately $2,013,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in shares of JBS in the 2nd quarter valued at approximately $161,969,000. State Street Corp acquired a new position in shares of JBS during the second quarter worth $84,109,000. Alberta Investment Management Corp increased its holdings in JBS by 205.9% in the third quarter. Alberta Investment Management Corp now owns 4,234,300 shares of the company’s stock valued at $63,218,000 after buying an additional 2,850,000 shares during the last quarter. Maple Rock Capital Partners Inc. acquired a new stake in JBS in the second quarter valued at $32,342,000. Finally, Geode Capital Management LLC acquired a new stake in JBS in the second quarter valued at $31,092,000.

JBS Stock Down 4.2%

Shares of JBS stock opened at $16.18 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. Jbs N.V. has a 52-week low of $12.37 and a 52-week high of $17.80. The company’s 50-day simple moving average is $15.35 and its 200-day simple moving average is $14.70.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JBS. The Goldman Sachs Group set a $18.50 price objective on JBS in a research report on Wednesday, November 26th. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. UBS Group upgraded shares of JBS to a “strong-buy” rating in a research note on Friday, February 6th. Zacks Research cut shares of JBS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings upgraded shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $19.40.

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.