Jbs N.V. $JBS Shares Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp increased its holdings in Jbs N.V. (NYSE:JBS) by 9.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,622,500 shares of the company’s stock after buying an additional 388,200 shares during the period. Alberta Investment Management Corp’s holdings in JBS were worth $66,656,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. MYDA Advisors LLC acquired a new position in shares of JBS in the 4th quarter valued at about $692,000. Mariner LLC acquired a new position in JBS during the 4th quarter valued at about $312,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in JBS during the 4th quarter valued at about $1,953,000. Atlas Capital Advisors Inc. acquired a new position in JBS during the 4th quarter valued at about $137,000. Finally, Kestra Advisory Services LLC acquired a new position in JBS during the 4th quarter valued at about $87,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group set a $17.00 target price on shares of JBS in a research note on Tuesday, May 19th. Mizuho raised shares of JBS to a “strong-buy” rating in a research note on Friday, April 10th. Weiss Ratings lowered shares of JBS from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Barclays reduced their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. lowered shares of JBS from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $20.50 to $18.50 in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, JBS has an average rating of “Moderate Buy” and a consensus price target of $19.00.

JBS Stock Down 2.8%

JBS stock opened at $12.19 on Tuesday. Jbs N.V. has a 52 week low of $11.49 and a 52 week high of $18.65. The company has a market capitalization of $9.46 billion and a price-to-earnings ratio of 7.66. The firm’s 50-day moving average is $14.97 and its two-hundred day moving average is $15.18. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42.

JBS (NYSE:JBS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a return on equity of 19.28% and a net margin of 1.98%.The company had revenue of $21.61 billion for the quarter. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts forecast that Jbs N.V. will post 1.45 earnings per share for the current fiscal year.

JBS Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th. JBS’s payout ratio is 62.89%.

About JBS

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.