Jbs N.V. $JBS Shares Sold by Vestcor Inc

Vestcor Inc trimmed its position in Jbs N.V. (NYSE:JBS) by 69.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,697 shares of the company’s stock after selling 185,086 shares during the quarter. Vestcor Inc’s holdings in JBS were worth $1,205,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of JBS. APG Asset Management N.V. acquired a new stake in shares of JBS in the third quarter valued at about $2,013,000. Keybank National Association OH acquired a new position in JBS during the 3rd quarter worth approximately $543,000. Longfellow Investment Management Co. LLC purchased a new position in JBS in the 2nd quarter worth approximately $1,506,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in JBS by 199.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 803,813 shares of the company’s stock worth $12,001,000 after acquiring an additional 535,463 shares during the period. Finally, Greenland Capital Management LP acquired a new stake in JBS in the second quarter valued at approximately $523,000.

Wall Street Analyst Weigh In

JBS has been the topic of a number of analyst reports. UBS Group upgraded shares of JBS to a “strong-buy” rating in a research note 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 note on Wednesday, February 4th. Santander upgraded shares of JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group set a $18.50 price objective on shares of JBS in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, JBS has a consensus rating of “Buy” and a consensus price target of $19.40.

JBS Price Performance

Shares of JBS opened at $15.22 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. The business’s 50 day moving average is $15.49 and its two-hundred day moving average is $14.73. Jbs N.V. has a 52-week low of $12.37 and a 52-week high of $17.80.

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.