Jbs N.V. $JBS Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lowered its stake in shares of Jbs N.V. (NYSE:JBS) by 46.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,738 shares of the company’s stock after selling 112,370 shares during the quarter. Levin Capital Strategies L.P.’s holdings in JBS were worth $2,294,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JBS. EverSource Wealth Advisors LLC acquired a new position in JBS in the 2nd quarter valued at about $29,000. Los Angeles Capital Management LLC acquired a new stake in JBS during the 4th quarter worth approximately $31,000. Global Trust Asset Management LLC acquired a new stake in JBS during the 1st quarter worth approximately $34,000. Quarry LP purchased a new position in shares of JBS in the 3rd quarter valued at approximately $34,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of JBS by 50.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock valued at $54,000 after purchasing an additional 1,257 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings cut JBS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Barclays lowered their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. Finally, UBS Group set a $17.00 target price on shares of JBS in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $18.75.

JBS Stock Up 2.4%

Shares of NYSE JBS opened at $12.23 on Thursday. The stock has a market capitalization of $9.49 billion and a price-to-earnings ratio of 7.70. Jbs N.V. has a 52 week low of $11.49 and a 52 week high of $18.65. The firm has a 50-day moving average price of $12.31 and a 200 day moving average price of $14.72. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42.

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