Jbs N.V. $JBS is Ramirez Asset Management Inc.’s 3rd Largest Position

Ramirez Asset Management Inc. lifted its stake in shares of Jbs N.V. (NYSE:JBS) by 45.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,184,404 shares of the company’s stock after buying an additional 370,168 shares during the quarter. JBS makes up approximately 2.5% of Ramirez Asset Management Inc.’s portfolio, making the stock its 3rd biggest position. Ramirez Asset Management Inc.’s holdings in JBS were worth $17,683,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in JBS in the second quarter valued at approximately $29,000. Jones Financial Companies Lllp lifted its stake in JBS by 489.1% in the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after acquiring an additional 2,206 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in JBS during the 3rd quarter worth approximately $44,000. MAI Capital Management acquired a new position in JBS during the 2nd quarter worth approximately $44,000. Finally, Assetmark Inc. increased its position in shares of JBS by 304.7% in the 3rd quarter. Assetmark Inc. now owns 6,314 shares of the company’s stock valued at $94,000 after purchasing an additional 4,754 shares during the last quarter.

Analysts Set New Price Targets

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

JBS Stock Down 0.8%

NYSE JBS opened at $15.53 on Friday. The firm’s fifty day moving average price is $15.43 and its 200 day moving average price is $14.72. Jbs N.V. has a 12 month low of $12.37 and a 12 month 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.

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.