Private Advisory Group LLC Raises Position in Jbs N.V. $JBS

Private Advisory Group LLC boosted its holdings in Jbs N.V. (NYSE:JBS) by 15.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 650,588 shares of the company’s stock after buying an additional 86,969 shares during the period. Private Advisory Group LLC’s holdings in JBS were worth $9,713,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Citigroup Inc. boosted its holdings in JBS by 157.2% in the third quarter. Citigroup Inc. now owns 874,621 shares of the company’s stock valued at $13,058,000 after acquiring an additional 534,526 shares during the last quarter. Levin Capital Strategies L.P. lifted its stake in shares of JBS by 97.4% in the 3rd quarter. Levin Capital Strategies L.P. now owns 286,108 shares of the company’s stock valued at $4,272,000 after purchasing an additional 141,187 shares in the last quarter. NewEdge Wealth LLC increased its position in JBS by 9.0% during the 3rd quarter. NewEdge Wealth LLC now owns 330,206 shares of the company’s stock worth $4,930,000 after purchasing an additional 27,319 shares in the last quarter. Alberta Investment Management Corp raised its holdings in JBS by 205.9% in the third quarter. Alberta Investment Management Corp now owns 4,234,300 shares of the company’s stock valued at $63,218,000 after buying an additional 2,850,000 shares during the period. Finally, Vanguard Group Inc. lifted its position in JBS by 111.0% during the third quarter. Vanguard Group Inc. now owns 1,735,550 shares of the company’s stock valued at $25,912,000 after buying an additional 912,901 shares in the last quarter.

JBS Price Performance

JBS stock opened at $16.30 on Monday. The stock’s 50 day moving average is $15.05 and its two-hundred day moving average is $14.59. Jbs N.V. has a 52-week low of $12.37 and a 52-week high of $17.80. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.76 and a current ratio of 1.54.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JBS. The Goldman Sachs Group set a $18.50 price objective on shares of JBS in a research report on Wednesday, November 26th. UBS Group upgraded JBS to a “strong-buy” rating in a report on Friday, February 6th. Zacks Research cut JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Santander raised JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. Finally, Mizuho set a $20.00 target price on JBS in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price 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.