Advisors Asset Management Inc. Decreases Position in Jbs N.V. $JBS

Advisors Asset Management Inc. reduced its position in shares of Jbs N.V. (NYSE:JBS) by 36.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,861 shares of the company’s stock after selling 36,266 shares during the period. Advisors Asset Management Inc.’s holdings in JBS were worth $953,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in shares of JBS by 8.9% in the third quarter. Sequoia Financial Advisors LLC now owns 12,095 shares of the company’s stock worth $181,000 after acquiring an additional 991 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in JBS in the 2nd quarter valued at $29,000. Jones Financial Companies Lllp lifted its holdings in JBS by 489.1% in the 3rd 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 in the last quarter. Farther Finance Advisors LLC acquired a new stake in JBS during the 3rd quarter worth $44,000. Finally, MAI Capital Management purchased a new stake in shares of JBS during the second quarter worth $44,000.

JBS Stock Performance

JBS stock opened at $16.13 on Wednesday. Jbs N.V. has a one year low of $12.37 and a one year high of $17.80. The firm’s 50 day moving average price is $14.93 and its 200-day moving average price is $14.54. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15.

Analysts Set New Price Targets

JBS has been the topic of several research reports. UBS Group raised shares of JBS to a “strong-buy” rating in a research note on Friday, February 6th. Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Mizuho set a $20.00 target price on JBS in a report on Tuesday, October 28th. Santander raised JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group set a $18.50 price objective on JBS in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, JBS has an average rating of “Buy” and a consensus target price of $19.40.

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.