Jbs N.V. $JBS Position Lowered by Van ECK Associates Corp

Van ECK Associates Corp trimmed its position in Jbs N.V. (NYSE:JBS) by 4.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,307,805 shares of the company’s stock after selling 163,600 shares during the period. Van ECK Associates Corp’s holdings in JBS were worth $49,386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in JBS during the 2nd quarter worth approximately $29,000. Jones Financial Companies Lllp lifted its stake in JBS by 489.1% during the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after purchasing an additional 2,206 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in JBS in the third quarter worth $44,000. MAI Capital Management acquired a new position in JBS in the second quarter worth $44,000. Finally, Parallel Advisors LLC bought a new stake in JBS during the third quarter valued at $61,000.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group raised shares of JBS to a “strong-buy” rating in a report 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. Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Santander upgraded shares of JBS from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group set a $18.50 target price on JBS in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $19.40.

JBS Price Performance

JBS stock opened at $15.22 on Thursday. Jbs N.V. has a 1 year low of $12.37 and a 1 year high of $17.80. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. The stock’s fifty day moving average is $15.49 and its two-hundred day moving average is $14.73.

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.