BW Gestao de Investimentos Ltda. Raises Stock Position in Jbs N.V. $JBS

BW Gestao de Investimentos Ltda. lifted its position in shares of Jbs N.V. (NYSE:JBS) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 662,000 shares of the company’s stock after acquiring an additional 60,000 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in JBS were worth $9,884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JBS. APG Asset Management N.V. purchased a new stake in JBS during the third quarter worth $2,013,000. Keybank National Association OH purchased a new position in shares of JBS in the third quarter valued at $543,000. Longfellow Investment Management Co. LLC purchased a new position in shares of JBS in the second quarter valued at $1,506,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of JBS by 199.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 803,813 shares of the company’s stock worth $12,001,000 after buying an additional 535,463 shares during the last quarter. Finally, Greenland Capital Management LP acquired a new position in shares of JBS during the 2nd quarter worth $523,000.

Analysts Set New Price Targets

A number of brokerages recently commented on JBS. Santander raised shares of JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. The Goldman Sachs Group set a $18.50 target price on shares of JBS in a research report on Wednesday, November 26th. Weiss Ratings upgraded shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Zacks Research cut shares of JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, UBS Group upgraded JBS to a “strong-buy” rating in a research report on Friday, February 6th. One equities research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $19.40.

JBS Trading Up 0.7%

JBS opened at $15.63 on Tuesday. The business’s fifty day simple moving average is $15.45 and its 200 day simple moving average is $14.72. Jbs N.V. has a 52 week low of $12.37 and a 52 week high of $17.80. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15.

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.