Jbs N.V. $JBS Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in Jbs N.V. (NYSE:JBS) by 1,491.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 777,046 shares of the company’s stock after purchasing an additional 728,219 shares during the quarter. Federated Hermes Inc.’s holdings in JBS were worth $11,601,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of JBS during the 2nd quarter worth about $29,000. MAI Capital Management purchased a new position in JBS during the second quarter worth about $44,000. Farther Finance Advisors LLC acquired a new stake in shares of JBS during the third quarter valued at about $44,000. CWM LLC purchased a new stake in shares of JBS in the 2nd quarter valued at approximately $45,000. Finally, GAMMA Investing LLC purchased a new stake in shares of JBS in the 2nd quarter valued at approximately $53,000.

JBS Trading Up 0.2%

JBS stock opened at $15.74 on Friday. The business’s 50-day moving average is $14.59 and its two-hundred day moving average is $14.32. 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 1 year low of $12.37 and a 1 year high of $17.80.

Analyst Ratings Changes

JBS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Mizuho set a $20.00 price target on JBS in a research report on Tuesday, October 28th. Zacks Research upgraded JBS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of JBS in a research note on Monday, December 29th. Finally, The Goldman Sachs Group set a $18.50 target price on JBS in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $19.38.

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.