36,370 Shares in Jbs N.V. $JBS Acquired by Keybank National Association OH

Keybank National Association OH purchased a new stake in Jbs N.V. (NYSE:JBS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,370 shares of the company’s stock, valued at approximately $543,000.

A number of other hedge funds have also modified their holdings of JBS. JPMorgan Chase & Co. bought a new position in JBS in the second quarter valued at approximately $161,969,000. State Street Corp bought a new stake in JBS during the 2nd quarter worth about $84,109,000. Maple Rock Capital Partners Inc. bought a new stake in JBS during the second quarter worth about $32,342,000. Geode Capital Management LLC acquired a new stake in shares of JBS in the 2nd quarter valued at approximately $31,092,000. Finally, Dendur Capital LP acquired a new stake in JBS in the second quarter valued at $28,051,000.

JBS Price Performance

Shares of JBS stock opened at $15.74 on Friday. The business’s 50-day moving average price is $14.69 and its 200-day moving average price is $14.38. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76. Jbs N.V. has a 12 month low of $12.37 and a 12 month high of $17.80.

Key Stories Impacting JBS

Here are the key news stories impacting JBS this week:

• Positive Sentiment: Analyst reiteration/target increase — An analyst set a higher target price for JBS at $19.38, which can support investor sentiment and provide a valuation floor while headlines remain negative. Analysts Set Jbs N.V. Target Price at $19.38
• Neutral Sentiment: Swift cleanup response to wastewater spill — Local reports say JBS crews and authorities conducted rapid cleanup after a pump failure released roughly 7,800 gallons of wastewater, which may limit longer-term regulatory or reputational damage depending on inspection results and any fines. JBS wastewater spill prompts swift cleanup efforts in Hall County
• Negative Sentiment: Union vote authorizes potential strike at Greeley plant — Workers at JBS’s Greeley, Colorado meat-packing plant voted overwhelmingly to authorize a strike. Authorization raises the risk of work stoppages, production cuts, lost output and higher labor costs if a strike occurs or negotiations become protracted; markets are pricing in near-term operational risk. JBS workers in Greeley vote overwhelmingly to authorize strike
• Negative Sentiment: Wastewater/pump failure at Grand Island facility — Coverage details a pump failure that released thousands of gallons into a waterway; potential regulatory action, cleanup costs or temporary slowdown at the plant are negative catalysts until authorities close the matter. Pump failure at Grand Island JBS plant causes 7,800 gallons of wastewater to enter waterway

Analyst Upgrades and Downgrades

JBS has been the topic of several research analyst reports. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of JBS in a report on Monday, December 29th. The Goldman Sachs Group set a $18.50 price target on JBS in a report on Wednesday, November 26th. UBS Group started coverage on shares of JBS in a research report on Thursday. They set a “buy” rating and a $19.50 price objective for the company. Finally, Mizuho set a $20.00 price target on shares of JBS in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $19.40.

About JBS

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.