Aberdeen Group plc Boosts Stock Holdings in Jbs N.V. $JBS

Aberdeen Group plc increased its stake in Jbs N.V. (NYSE:JBS) by 2,382.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,627 shares of the company’s stock after acquiring an additional 304,833 shares during the period. Aberdeen Group plc’s holdings in JBS were worth $4,777,000 at the end of the most recent reporting period.

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

JBS Price Performance

Shares of JBS stock opened at $16.30 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. Jbs N.V. has a fifty-two week low of $12.37 and a fifty-two week high of $17.80. The stock’s 50-day moving average is $15.05 and its two-hundred day moving average is $14.58.

Wall Street Analysts Forecast Growth

JBS has been the subject of a number of research analyst reports. The Goldman Sachs Group set a $18.50 price objective on shares of JBS in a research note on Wednesday, November 26th. Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Mizuho set a $20.00 price target on shares of JBS in a research report on Tuesday, October 28th. Santander raised JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Finally, UBS Group upgraded shares of 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average 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.