Jbs N.V. $JBS is Ramirez Asset Management Inc.’s 3rd Largest Position

Ramirez Asset Management Inc. raised its stake in shares of Jbs N.V. (NYSE:JBS) by 45.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,184,404 shares of the company’s stock after acquiring an additional 370,168 shares during the period. JBS makes up 2.5% of Ramirez Asset Management Inc.’s holdings, making the stock its 3rd biggest holding. Ramirez Asset Management Inc.’s holdings in JBS were worth $17,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. APG Asset Management N.V. purchased a new stake in JBS in the third quarter valued at approximately $2,013,000. Keybank National Association OH purchased a new position in shares of JBS during the third quarter worth $543,000. Longfellow Investment Management Co. LLC purchased a new position in shares of JBS during the second quarter worth $1,506,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of JBS by 199.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 803,813 shares of the company’s stock valued at $12,001,000 after buying an additional 535,463 shares in the last quarter. Finally, Greenland Capital Management LP acquired a new stake in shares of JBS in the second quarter valued at $523,000.

JBS Stock Performance

JBS stock opened at $15.53 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. Jbs N.V. has a twelve month low of $12.37 and a twelve month high of $17.80. The stock’s fifty day simple moving average is $15.43 and its 200-day simple moving average is $14.72.

Analyst Ratings Changes

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