89,583 Shares in Jbs N.V. $JBS Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC acquired a new stake in Jbs N.V. (NYSE:JBS) in the first quarter, HoldingsChannel.com reports. The fund acquired 89,583 shares of the company’s stock, valued at approximately $1,609,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BNDES Participacoes S.A. purchased a new position in shares of JBS during the 4th quarter worth approximately $2,874,074,000. Davis Selected Advisers acquired a new position in JBS during the fourth quarter worth $170,945,000. Banco BTG Pactual S.A. purchased a new position in JBS in the third quarter worth $143,175,000. Ameriprise Financial Inc. raised its position in JBS by 23,891.7% in the third quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after acquiring an additional 6,555,634 shares in the last quarter. Finally, State Street Corp lifted its holdings in JBS by 5.6% in the fourth quarter. State Street Corp now owns 6,138,536 shares of the company’s stock valued at $88,518,000 after acquiring an additional 327,364 shares during the period.

Analysts Set New Price Targets

Several brokerages have commented on JBS. Barclays decreased their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Zacks Research cut shares of JBS from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 11th. Weiss Ratings downgraded shares of JBS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 15th. UBS Group set a $17.00 target price on shares of JBS in a research report on Tuesday, May 19th. Finally, Mizuho raised shares of JBS to a “strong-buy” rating in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.92.

JBS Stock Up 0.0%

JBS stock opened at $12.22 on Tuesday. 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 firm has a market capitalization of $9.49 billion and a price-to-earnings ratio of 7.69. Jbs N.V. has a fifty-two week low of $11.49 and a fifty-two week high of $18.65. The stock’s fifty day moving average is $13.81 and its two-hundred day moving average is $15.00.

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

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.