Jbs N.V. $JBS Stock Holdings Increased by Alberta Investment Management Corp

Alberta Investment Management Corp boosted its holdings in shares of Jbs N.V. (NYSE:JBS) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,622,500 shares of the company’s stock after purchasing an additional 388,200 shares during the period. Alberta Investment Management Corp’s holdings in JBS were worth $66,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JBS. EverSource Wealth Advisors LLC acquired a new stake in JBS during the second quarter valued at approximately $29,000. Los Angeles Capital Management LLC acquired a new stake in JBS during the fourth quarter valued at approximately $31,000. Quarry LP acquired a new stake in JBS during the third quarter valued at approximately $34,000. Jones Financial Companies Lllp lifted its stake in JBS by 489.1% during the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $39,000 after purchasing an additional 2,206 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in JBS by 41.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock valued at $60,000 after purchasing an additional 1,223 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently commented on JBS. Zacks Research lowered shares of JBS from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. UBS Group set a $17.00 target price on shares of JBS in a research note on Tuesday, May 19th. Barclays cut their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Weiss Ratings lowered shares of JBS from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Finally, JPMorgan Chase & Co. lowered shares of JBS from an “overweight” rating to a “neutral” rating and cut their target price for the company from $20.50 to $18.50 in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.00.

JBS Stock Down 2.8%

JBS stock opened at $12.19 on Tuesday. Jbs N.V. has a 52-week low of $11.49 and a 52-week high of $18.65. The company’s 50 day simple moving average is $14.97 and its 200-day simple moving average is $15.18. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. The firm has a market capitalization of $9.46 billion and a P/E ratio of 7.66.

JBS (NYSE:JBS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts anticipate that Jbs N.V. will post 1.45 EPS for the current year.

JBS Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th. JBS’s payout ratio is currently 62.89%.

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.