Alberta Investment Management Corp Raises Stock Position in Jbs N.V. $JBS

Alberta Investment Management Corp boosted its stake in shares of Jbs N.V. (NYSE:JBS) by 205.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,234,300 shares of the company’s stock after buying an additional 2,850,000 shares during the quarter. JBS makes up approximately 0.6% of Alberta Investment Management Corp’s portfolio, making the stock its 10th biggest position. Alberta Investment Management Corp’s holdings in JBS were worth $63,218,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of JBS. EverSource Wealth Advisors LLC acquired a new stake in shares of JBS during the 2nd quarter worth approximately $29,000. Jones Financial Companies Lllp boosted its stake in JBS by 489.1% during the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after acquiring an additional 2,206 shares in the last quarter. MAI Capital Management acquired a new stake in JBS in the second quarter worth $44,000. Farther Finance Advisors LLC bought a new stake in JBS in the third quarter valued at $44,000. Finally, CWM LLC acquired a new position in shares of JBS during the second quarter valued at about $45,000.

JBS Trading Down 0.8%

Shares of JBS opened at $16.01 on Thursday. Jbs N.V. has a 52-week low of $12.37 and a 52-week high of $17.80. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76. The stock’s 50-day simple moving average is $14.97 and its 200 day simple moving average is $14.55.

Analyst Ratings Changes

Several brokerages have recently commented on JBS. UBS Group upgraded JBS to a “strong-buy” rating in a research note on Friday, February 6th. Zacks Research cut JBS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Santander upgraded JBS from a “neutral” rating to an “outperform” rating in a report on Thursday, December 11th. Mizuho set a $20.00 target price on JBS in a report on Tuesday, October 28th. Finally, Weiss Ratings upgraded shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.