APG Asset Management N.V. Buys New Stake in Jbs N.V. $JBS

APG Asset Management N.V. bought a new stake in shares of Jbs N.V. (NYSE:JBS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 134,800 shares of the company’s stock, valued at approximately $2,013,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new position in shares of JBS in the second quarter valued at approximately $161,969,000. State Street Corp acquired a new position in JBS in the 2nd quarter valued at $84,109,000. Alberta Investment Management Corp raised its stake in JBS by 205.9% in the 3rd quarter. Alberta Investment Management Corp now owns 4,234,300 shares of the company’s stock valued at $63,218,000 after purchasing an additional 2,850,000 shares during the last quarter. Maple Rock Capital Partners Inc. purchased a new position in JBS in the 2nd quarter valued at $32,342,000. Finally, Geode Capital Management LLC acquired a new stake in JBS during the 2nd quarter worth $31,092,000.

JBS Stock Down 4.2%

JBS stock opened at $16.18 on Wednesday. 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 52-week low of $12.37 and a 52-week high of $17.80. The company’s 50 day moving average is $15.35 and its two-hundred day moving average is $14.70.

Wall Street Analysts Forecast Growth

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