Sterling Capital Management LLC Takes Position in Jbs N.V. $JBS

Sterling Capital Management LLC acquired a new stake in Jbs N.V. (NYSE:JBS) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 89,583 shares of the company’s stock, valued at approximately $1,609,000.

Several other large investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in JBS by 114.4% during the 1st quarter. SG Americas Securities LLC now owns 746,785 shares of the company’s stock worth $13,412,000 after buying an additional 398,435 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of JBS by 7.7% in the fourth quarter. Hsbc Holdings PLC now owns 88,467 shares of the company’s stock worth $1,278,000 after acquiring an additional 6,328 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of JBS by 50.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock worth $54,000 after acquiring an additional 1,257 shares during the period. Ovata Capital Management Ltd raised its stake in shares of JBS by 1,724.2% in the fourth quarter. Ovata Capital Management Ltd now owns 499,983 shares of the company’s stock valued at $7,210,000 after acquiring an additional 472,575 shares in the last quarter. Finally, Alpine Global Management LLC raised its stake in shares of JBS by 47.1% in the fourth quarter. Alpine Global Management LLC now owns 125,000 shares of the company’s stock valued at $1,802,000 after acquiring an additional 40,000 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on JBS shares. Mizuho raised JBS to a “strong-buy” rating in a research note on Friday, April 10th. UBS Group set a $17.00 price objective on JBS in a research report on Tuesday, May 19th. Barclays cut their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. JPMorgan Chase & Co. reduced their target price on shares of JBS from $18.50 to $18.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Zacks Research lowered shares of JBS from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.92.

JBS Trading Up 0.0%

Shares of JBS stock opened at $12.22 on Tuesday. The business’s 50 day moving average is $13.81 and its two-hundred day moving average is $15.00. Jbs N.V. has a twelve month low of $11.49 and a twelve month high of $18.65. The company has a market capitalization of $9.49 billion and a P/E ratio of 7.69. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42.

JBS (NYSE:JBS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). JBS had a return on equity of 19.28% and a net margin of 1.98%.The company had revenue of $21.61 billion for the quarter. JBS’s revenue was up 10.7% on a year-over-year basis. Equities analysts forecast that Jbs N.V. will post 1.45 EPS for the current year.

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.