IPG Investment Advisors LLC Buys 86,100 Shares of Jbs N.V. $JBS

IPG Investment Advisors LLC lifted its position in Jbs N.V. (NYSE:JBS) by 71.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 206,900 shares of the company’s stock after purchasing an additional 86,100 shares during the period. IPG Investment Advisors LLC’s holdings in JBS were worth $2,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JBS. EverSource Wealth Advisors LLC bought a new position in shares of JBS during the 2nd quarter worth $29,000. Los Angeles Capital Management LLC purchased a new stake in JBS in the fourth quarter worth about $31,000. Global Trust Asset Management LLC bought a new position in JBS during the 1st quarter worth about $34,000. Quarry LP purchased a new position in JBS during the 3rd quarter valued at about $34,000. Finally, Rockefeller Capital Management L.P. raised its holdings 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 in the last quarter.

Insider Activity

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of JBS stock in a transaction on Monday, August 24th. The shares were sold at an average price of $13.85, for a total transaction of $2,541,488.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

JBS Stock Down 2.3%

Shares of JBS stock opened at $12.57 on Thursday. The stock’s fifty day moving average price is $13.05 and its 200 day moving average price is $14.28. Jbs N.V. has a 1-year low of $11.49 and a 1-year high of $18.65. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 4.80 and a beta of -1.67. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.53 and a quick ratio of 0.77.

JBS (NYSE:JBS) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). The business had revenue of $23.90 billion during the quarter. JBS had a return on equity of 12.00% and a net margin of 1.22%.JBS’s quarterly revenue was up 13.8% on a year-over-year basis. On average, research analysts expect that Jbs N.V. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on JBS shares. Weiss Ratings downgraded shares of JBS from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, September 3rd. Barclays reduced their price objective on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. UBS Group lifted their price target on JBS from $17.00 to $17.50 and gave the company a “buy” rating in a report on Monday, August 24th. Wall Street Zen cut JBS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, JPMorgan Chase & Co. reduced their target price on shares of JBS from $18.00 to $17.50 and set an “overweight” rating for the company in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.42.

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.