Centiva Capital LP Takes Position in Jbs N.V. $JBS

Centiva Capital LP bought a new position in Jbs N.V. (NYSE:JBS) during the 3rd quarter, Holdings Channel reports. The firm bought 66,858 shares of the company’s stock, valued at approximately $998,000.

Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. bought a new position in JBS in the 2nd quarter valued at $1,357,000. PNC Financial Services Group Inc. acquired a new position in JBS in the second quarter worth $227,000. Geode Capital Management LLC bought a new stake in shares of JBS during the second quarter worth $31,092,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of JBS in the second quarter valued at $1,433,000. Finally, SG Americas Securities LLC acquired a new stake in shares of JBS in the second quarter valued at $5,142,000.

JBS Price Performance

Shares of NYSE:JBS opened at $15.08 on Monday. 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. The business has a 50-day moving average price of $15.52 and a two-hundred day moving average price of $14.70.

Analyst Ratings Changes

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