SG Americas Securities LLC Buys 31,306 Shares of Jbs N.V. $JBS

SG Americas Securities LLC raised its stake in shares of Jbs N.V. (NYSE:JBS) by 9.9% during the fourth quarter, Holdings Channel reports. The firm owned 348,350 shares of the company’s stock after buying an additional 31,306 shares during the quarter. SG Americas Securities LLC’s holdings in JBS were worth $5,023,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JBS. Rhumbline Advisers bought a new position in JBS in the 2nd quarter worth $203,000. American Century Companies Inc. bought a new stake in shares of JBS during the 2nd quarter valued at about $4,019,000. Quadrant Capital Group LLC purchased a new position in shares of JBS during the second quarter valued at about $240,000. Hsbc Holdings PLC purchased a new position in shares of JBS during the second quarter valued at about $1,232,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in JBS in the second quarter worth about $5,490,000.

Analyst Ratings Changes

Several research firms have weighed in on JBS. Weiss Ratings raised JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Barclays increased their target price on JBS from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Zacks Research lowered JBS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. UBS Group raised JBS to a “strong-buy” rating in a research note on Friday, February 6th. Finally, Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $20.00.

JBS Price Performance

Shares of JBS opened at $18.08 on Thursday. Jbs N.V. has a fifty-two week low of $12.37 and a fifty-two week high of $18.21. The firm’s 50-day simple moving average is $15.94 and its two-hundred day simple moving average is $14.72. The stock has a market cap of $13.99 billion and a PE ratio of 12.55. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.91 and a current ratio of 1.60.

JBS (NYSE:JBS) last released its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($1.86). The firm had revenue of $23.06 billion for the quarter. The company’s revenue was up 15.5% on a year-over-year basis.

JBS Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th.

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.