Jbs N.V. $JBS Shares Purchased by Private Advisory Group LLC

Private Advisory Group LLC grew its stake in shares of Jbs N.V. (NYSE:JBS) by 15.4% in the 3rd quarter, Holdings Channel reports. The firm owned 650,588 shares of the company’s stock after acquiring an additional 86,969 shares during the quarter. Private Advisory Group LLC’s holdings in JBS were worth $9,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in JBS during the 2nd quarter worth $161,969,000. State Street Corp bought a new position in shares of JBS during the second quarter worth about $84,109,000. Alberta Investment Management Corp grew its position 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 acquiring an additional 2,850,000 shares during the last quarter. Maple Rock Capital Partners Inc. acquired a new stake in shares of JBS in the 2nd quarter worth about $32,342,000. Finally, Geode Capital Management LLC bought a new stake in JBS in the 2nd quarter valued at about $31,092,000.

JBS Stock Up 0.7%

Shares of NYSE JBS opened at $16.30 on Monday. Jbs N.V. has a 1 year low of $12.37 and a 1 year high of $17.80. The stock has a fifty day moving average price of $15.05 and a two-hundred day moving average price of $14.59. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15.

Analyst Ratings Changes

Several research analysts have commented on the stock. The Goldman Sachs Group set a $18.50 target price on shares of JBS in a research report on Wednesday, November 26th. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. Mizuho set a $20.00 target price on JBS in a research report on Tuesday, October 28th. Weiss Ratings upgraded JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Finally, UBS Group raised JBS to a “strong-buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price 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.