39,281 Shares in Jbs N.V. $JBS Acquired by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda acquired a new stake in shares of Jbs N.V. (NYSE:JBS) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 39,281 shares of the company’s stock, valued at approximately $586,000.

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

Analysts Set New Price Targets

Several research firms recently commented on JBS. Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 4th. The Goldman Sachs Group set a $18.50 price objective on JBS in a research report on Wednesday, November 26th. UBS Group raised shares of JBS to a “strong-buy” rating in a research note on Friday, February 6th. Zacks Research lowered shares of JBS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Santander upgraded shares of JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $19.40.

JBS Trading Down 0.8%

JBS stock opened at $15.53 on Friday. The company’s fifty day moving average price is $15.43 and its 200 day moving average price is $14.72. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76. Jbs N.V. has a 1 year low of $12.37 and a 1 year high of $17.80.

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.