New York State Common Retirement Fund Makes New $3.67 Million Investment in Jbs N.V. $JBS

New York State Common Retirement Fund acquired a new stake in Jbs N.V. (NYSE:JBS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 246,000 shares of the company’s stock, valued at approximately $3,673,000.

A number of other large investors have also made changes to their positions in JBS. EverSource Wealth Advisors LLC acquired a new position in JBS in the 2nd quarter valued at about $29,000. Farther Finance Advisors LLC purchased a new stake in shares of JBS during the third quarter worth about $44,000. MAI Capital Management acquired a new position in shares of JBS in the second quarter valued at approximately $44,000. CWM LLC acquired a new position in shares of JBS in the second quarter valued at approximately $45,000. Finally, IFP Advisors Inc purchased a new position in shares of JBS during the second quarter valued at approximately $57,000.

JBS Stock Performance

JBS stock opened at $15.82 on Friday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76. The stock has a 50-day moving average price of $14.71 and a two-hundred day moving average price of $14.41. Jbs N.V. has a 12-month low of $12.37 and a 12-month high of $17.80.

Trending Headlines about JBS

Here are the key news stories impacting JBS this week:

• Positive Sentiment: Analysts set a higher price target for JBS, which can support upside expectations among investors. Read More.
• Neutral Sentiment: Multiple outlets and a video report are covering the same labor vote, increasing public visibility but not adding new facts beyond the strike authorization. Read More.
• Negative Sentiment: Unionized workers at JBS’s Greeley, Colorado meatpacking plant voted overwhelmingly to authorize a strike — a step that raises the risk of work stoppages, production disruptions, higher labor costs, and supply-chain constraints for the beef business. Monitor any formal strike start date and contract talks. Read More.
• Negative Sentiment: A pump failure at JBS’s Grand Island plant released about 7,800 gallons of wastewater into a local waterway; company and local agencies conducted cleanup efforts. This creates near-term regulatory, remediation cost and reputational risk. Read More.

Analyst Ratings Changes

Several analysts have commented on JBS shares. Mizuho set a $20.00 target price on shares of JBS in a research note on Tuesday, October 28th. The Goldman Sachs Group set a $18.50 price objective on JBS in a research report on Wednesday, November 26th. Zacks Research upgraded JBS from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, UBS Group initiated coverage on shares of JBS in a research note on Thursday. They set a “buy” rating and a $19.50 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $19.40.

JBS 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.