Sei Investments Co. Purchases 59,296 Shares of Jbs N.V. $JBS

Sei Investments Co. lifted its position in Jbs N.V. (NYSE:JBS) by 52.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,490 shares of the company’s stock after purchasing an additional 59,296 shares during the period. Sei Investments Co.’s holdings in JBS were worth $3,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of JBS by 5.4% in the first quarter. PNC Financial Services Group Inc. now owns 17,021 shares of the company’s stock valued at $306,000 after acquiring an additional 867 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of JBS by 7.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after purchasing an additional 908 shares in the last quarter. Dodge & Cox grew its position in shares of JBS by 6.3% during the fourth quarter. Dodge & Cox now owns 16,950 shares of the company’s stock worth $244,000 after purchasing an additional 1,000 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of JBS by 41.9% during the fourth quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after purchasing an additional 1,223 shares in the last quarter. Finally, US Bancorp DE raised its stake in JBS by 10.0% during the 3rd quarter. US Bancorp DE now owns 13,497 shares of the company’s stock valued at $202,000 after purchasing an additional 1,225 shares during the period.

JBS Price Performance

JBS stock opened at $14.22 on Friday. Jbs N.V. has a 52 week low of $11.49 and a 52 week high of $18.65. The firm has a market capitalization of $11.04 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.82 and a beta of -1.65. The company has a fifty day simple moving average of $12.44 and a two-hundred day simple moving average of $14.67. 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 posted its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The business had revenue of $21.61 billion during the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts anticipate that Jbs N.V. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on JBS shares. Weiss Ratings cut JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. Wall Street Zen raised shares of JBS from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Barclays reduced 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. JPMorgan Chase & Co. raised shares of JBS from a “neutral” rating to an “overweight” rating and set a $18.00 target price on the stock in a report on Tuesday, July 28th. Finally, Mizuho upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $18.75.

JBS Profile

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.