Jbs N.V. $JBS Stock Position Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in Jbs N.V. (NYSE:JBS) by 117.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,687,775 shares of the company’s stock after buying an additional 4,147,304 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in JBS were worth $138,072,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new stake in JBS during the 2nd quarter valued at $29,000. Los Angeles Capital Management LLC acquired a new position in shares of JBS during the fourth quarter valued at $31,000. Global Trust Asset Management LLC bought a new stake in shares of JBS during the first quarter valued at about $34,000. Quarry LP bought a new stake in shares of JBS during the third quarter valued at about $34,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in JBS by 50.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock worth $54,000 after purchasing an additional 1,257 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on JBS shares. JPMorgan Chase & Co. decreased their price objective on shares of JBS from $18.50 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Weiss Ratings downgraded JBS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. UBS Group set a $17.00 price target on JBS in a research note on Tuesday, May 19th. Mizuho raised JBS to a “strong-buy” rating in a research note on Friday, April 10th. Finally, Barclays dropped their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $18.75.

JBS Trading Up 1.4%

NYSE:JBS opened at $12.30 on Friday. Jbs N.V. has a 1-year low of $11.49 and a 1-year high of $18.65. The stock has a fifty day simple moving average of $12.25 and a 200 day simple moving average of $14.69. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42. The firm has a market capitalization of $9.54 billion and a price-to-earnings ratio of 7.73.

JBS (NYSE:JBS) last posted its quarterly earnings data 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 firm 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. Sell-side analysts forecast that Jbs N.V. will post 1.46 earnings per share for the current 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.