Jbs N.V. $JBS Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Jbs N.V. (NYSE:JBS) by 114.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 746,785 shares of the company’s stock after purchasing an additional 398,435 shares during the period. SG Americas Securities LLC owned about 0.10% of JBS worth $13,412,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of JBS. BNDES Participacoes S.A. acquired a new position in shares of JBS in the 4th quarter valued at approximately $2,874,074,000. Davis Selected Advisers acquired a new stake in shares of JBS during the fourth quarter worth approximately $170,945,000. Banco BTG Pactual S.A. bought a new stake in shares of JBS in the third quarter worth $143,175,000. Ameriprise Financial Inc. raised its holdings in JBS by 23,891.7% in the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after acquiring an additional 6,555,634 shares in the last quarter. Finally, State Street Corp raised its holdings in JBS by 5.6% in the fourth quarter. State Street Corp now owns 6,138,536 shares of the company’s stock valued at $88,518,000 after acquiring an additional 327,364 shares in the last quarter.

JBS Price Performance

Shares of JBS stock opened at $12.23 on Friday. Jbs N.V. has a 52 week low of $11.49 and a 52 week high of $18.65. The stock has a market capitalization of $9.49 billion and a PE ratio of 7.70. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50. The stock’s fifty day moving average is $13.92 and its 200-day moving average is $15.01.

JBS (NYSE:JBS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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% on a year-over-year basis. Equities research analysts expect that Jbs N.V. will post 1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JBS has been the subject of several recent analyst reports. Mizuho raised shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. UBS Group set a $17.00 price target on shares of JBS in a research report on Tuesday, May 19th. JPMorgan Chase & Co. downgraded JBS from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $20.50 to $18.50 in a research note on Thursday, May 14th. Zacks Research lowered JBS from a “hold” rating to a “strong sell” rating in a report on Thursday, June 11th. Finally, Weiss Ratings cut JBS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

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.