Carrhae Capital LLP Purchases 3,244,553 Shares of Jbs N.V. $JBS

Carrhae Capital LLP grew its position in Jbs N.V. (NYSE:JBS) by 801.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,649,226 shares of the company’s stock after purchasing an additional 3,244,553 shares during the period. JBS accounts for 2.0% of Carrhae Capital LLP’s investment portfolio, making the stock its 15th biggest holding. Carrhae Capital LLP’s holdings in JBS were worth $52,622,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in shares of JBS during the second quarter valued at $29,000. Quarry LP bought a new position in JBS in the third quarter valued at about $34,000. Jones Financial Companies Lllp increased its position in JBS by 489.1% in the third quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $39,000 after purchasing an additional 2,206 shares during the period. Parallel Advisors LLC bought a new stake in JBS during the 3rd quarter worth about $61,000. Finally, Farther Finance Advisors LLC raised its holdings in JBS by 41.9% during the 4th 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 during the last quarter.

JBS Stock Down 0.6%

Shares of NYSE JBS opened at $13.20 on Friday. Jbs N.V. has a 52-week low of $12.37 and a 52-week high of $18.65. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50. The stock has a market cap of $10.24 billion and a P/E ratio of 8.30. The firm has a 50 day moving average price of $16.13 and a 200 day moving average price of $15.29.

JBS (NYSE:JBS) last posted its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). JBS had a return on equity of 19.28% and a net margin of 1.98%.The firm had revenue of $21.61 billion during the quarter. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts expect that Jbs N.V. will post 1.45 EPS for the current year.

JBS Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th. JBS’s dividend payout ratio (DPR) is presently 62.89%.

Analyst Upgrades and Downgrades

JBS has been the topic of several recent research reports. Weiss Ratings raised shares of JBS from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Barclays dropped their price target on shares of JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. JPMorgan Chase & Co. cut shares of JBS from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $20.50 to $18.50 in a research note on Thursday, May 14th. UBS Group set a $17.00 target price on shares of JBS in a report on Tuesday. Finally, Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $19.00.

JBS Company 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.