SG Americas Securities LLC Purchases 398,435 Shares of Jbs N.V. $JBS

SG Americas Securities LLC boosted its position in Jbs N.V. (NYSE:JBS) by 114.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 746,785 shares of the company’s stock after buying an additional 398,435 shares during the quarter. SG Americas Securities LLC’s holdings in JBS were worth $13,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBS. BNDES Participacoes S.A. acquired a new position in JBS during the 4th quarter valued at about $2,874,074,000. Davis Selected Advisers bought a new stake in shares of JBS during the fourth quarter worth approximately $170,945,000. Banco BTG Pactual S.A. bought a new stake in shares of JBS during the third quarter worth approximately $143,175,000. Ameriprise Financial Inc. lifted its holdings in JBS by 23,891.7% in the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock valued at $98,285,000 after buying an additional 6,555,634 shares during the period. Finally, State Street Corp bought a new position in JBS in the second quarter valued at approximately $84,109,000.

Analyst Upgrades and Downgrades

JBS has been the subject of a number of analyst reports. UBS Group set a $17.00 target price on shares of JBS in a report on Tuesday, May 19th. JPMorgan Chase & Co. lowered JBS from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $20.50 to $18.50 in a research report on Thursday, May 14th. Zacks Research cut JBS from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. Weiss Ratings lowered JBS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Finally, Mizuho upgraded JBS to a “strong-buy” rating in a report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, JBS has an average rating of “Moderate Buy” and an average price target of $19.00.

JBS Trading Up 1.7%

JBS opened at $12.23 on Friday. The firm’s fifty day moving average is $13.92 and its two-hundred day moving average is $15.01. The firm has a market cap of $9.49 billion and a PE ratio of 7.70. Jbs N.V. has a twelve month low of $11.49 and a twelve month high of $18.65. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50.

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

About JBS

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.