Swiss Life Asset Management Ltd Takes $546,000 Position in Jbs N.V. $JBS

Swiss Life Asset Management Ltd acquired a new position in Jbs N.V. (NYSE:JBS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,590 shares of the company’s stock, valued at approximately $546,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in JBS during the second quarter worth $161,969,000. Banco BTG Pactual S.A. purchased a new stake in shares of JBS in the 3rd quarter valued at $143,175,000. Ameriprise Financial Inc. lifted its stake in JBS by 23,891.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after acquiring an additional 6,555,634 shares in the last quarter. State Street Corp purchased a new position in JBS during the 2nd quarter valued at about $84,109,000. Finally, Arrowstreet Capital Limited Partnership grew its position in JBS by 952.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,954,267 shares of the company’s stock valued at $59,037,000 after acquiring an additional 3,578,483 shares in the last quarter.

JBS Stock Performance

Shares of NYSE:JBS opened at $15.35 on Wednesday. Jbs N.V. has a fifty-two week low of $12.37 and a fifty-two week high of $17.80. The firm’s 50 day moving average price is $15.68 and its 200 day moving average price is $14.65. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15.

Wall Street Analysts Forecast Growth

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