Federated Hermes Inc. Increases Position in Jbs N.V. $JBS

Federated Hermes Inc. lifted its position in shares of Jbs N.V. (NYSE:JBS) by 1,491.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 777,046 shares of the company’s stock after purchasing an additional 728,219 shares during the period. Federated Hermes Inc.’s holdings in JBS were worth $11,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LBP AM SA acquired a new stake in JBS in the third quarter valued at $1,326,000. Resona Asset Management Co. Ltd. purchased a new position in shares of JBS in the 3rd quarter valued at about $1,240,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of JBS by 401.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 366,840 shares of the company’s stock valued at $5,477,000 after acquiring an additional 293,640 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of JBS by 159.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,900 shares of the company’s stock worth $1,360,000 after acquiring an additional 56,500 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in JBS by 8.9% during the third quarter. Sequoia Financial Advisors LLC now owns 12,095 shares of the company’s stock worth $181,000 after purchasing an additional 991 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on JBS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of JBS in a report on Monday, December 29th. Mizuho set a $20.00 target price on shares of JBS in a report on Tuesday, October 28th. The Goldman Sachs Group set a $18.50 price target on shares of JBS in a research note on Wednesday, November 26th. Santander upgraded shares of JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. dropped their price objective on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, JBS presently has a consensus rating of “Buy” and a consensus target price of $19.38.

JBS Stock Performance

JBS stock opened at $15.74 on Friday. The company has a fifty day moving average price of $14.59 and a 200 day moving average price of $14.32. 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 12 month low of $12.37 and a 12 month high of $17.80.

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.