Jbs N.V. $JBS Shares Bought by Private Advisory Group LLC

Private Advisory Group LLC increased its position in Jbs N.V. (NYSE:JBS) by 25.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 942,122 shares of the company’s stock after acquiring an additional 193,845 shares during the quarter. Private Advisory Group LLC owned about 0.12% of JBS worth $10,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JBS. Arrowstreet Capital Limited Partnership boosted its position in JBS by 117.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock worth $138,072,000 after purchasing an additional 4,147,304 shares during the period. Bank of America Corp DE increased its stake in shares of JBS by 11.6% in the first quarter. Bank of America Corp DE now owns 2,782,983 shares of the company’s stock worth $49,982,000 after purchasing an additional 289,771 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of JBS in the second quarter worth about $21,866,000. Amundi raised its position in shares of JBS by 17.3% in the first quarter. Amundi now owns 457,685 shares of the company’s stock valued at $8,220,000 after purchasing an additional 67,623 shares during the period. Finally, NewEdge Wealth LLC raised its position in shares of JBS by 18.5% in the first quarter. NewEdge Wealth LLC now owns 403,750 shares of the company’s stock valued at $7,251,000 after purchasing an additional 62,974 shares during the period.

Insider Buying and Selling

In related news, CFO Guilherme Cavalcanti sold 183,501 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

JBS Stock Down 4.5%

Shares of NYSE JBS opened at $11.89 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.56 and a debt-to-equity ratio of 2.58. The company has a market cap of $9.24 billion, a P/E ratio of 18.30, a P/E/G ratio of 3.33 and a beta of -1.54. Jbs N.V. has a 52 week low of $10.61 and a 52 week high of $18.65. The business has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $13.97.

JBS (NYSE:JBS) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.10). JBS had a net margin of 0.76% and a return on equity of 7.62%. The company had revenue of $22.74 billion for the quarter. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Research analysts anticipate that Jbs N.V. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JBS has been the topic of a number of recent research reports. Wall Street Zen cut shares of JBS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of JBS from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. UBS Group lifted their price objective on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Monday, August 24th. Stephens lowered their target price on shares of JBS from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Finally, Barclays dropped their target price on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.10.

About JBS

JBS S.A. is a global food company focused on processing beef, pork, poultry and lamb. Its products include fresh and frozen meat, prepared and packaged foods, and value-added food products sold under brands such as Swift, Pilgrim’s and Seara. The company also produces ingredients and other products from animal byproducts, including leather and collagen. Founded in 1953 in Anápolis, Brazil, JBS has grown into an international business with operations across the Americas, Europe, Australia and other markets.