SPX Gestao de Recursos Ltda Purchases New Holdings in Jbs N.V. $JBS

SPX Gestao de Recursos Ltda acquired a new position in Jbs N.V. (NYSE:JBS) during the 3rd quarter, HoldingsChannel reports. The fund acquired 39,281 shares of the company’s stock, valued at approximately $586,000.

A number of other hedge funds have also made changes to their positions in JBS. JPMorgan Chase & Co. acquired a new stake in shares of JBS in the second quarter worth approximately $161,969,000. State Street Corp acquired a new stake in JBS during the 2nd quarter worth $84,109,000. Alberta Investment Management Corp grew its holdings in shares of JBS by 205.9% during the third quarter. Alberta Investment Management Corp now owns 4,234,300 shares of the company’s stock worth $63,218,000 after buying an additional 2,850,000 shares in the last quarter. Maple Rock Capital Partners Inc. purchased a new stake in shares of JBS during the second quarter worth $32,342,000. Finally, Geode Capital Management LLC acquired a new stake in shares of JBS in the second quarter valued at about $31,092,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JBS shares. 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 report on Thursday, December 11th. Zacks Research lowered shares of JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. UBS Group upgraded JBS to a “strong-buy” rating in a research report on Friday, February 6th. Finally, Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.40.

JBS Stock Down 0.8%

Shares of 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. The firm’s 50-day moving average is $15.43 and its two-hundred day moving average is $14.72. 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.