Jbs N.V. $JBS Holdings Reduced by Van ECK Associates Corp

Van ECK Associates Corp lowered its position in Jbs N.V. (NYSE:JBS) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,307,805 shares of the company’s stock after selling 163,600 shares during the quarter. Van ECK Associates Corp’s holdings in JBS were worth $49,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in JBS. EverSource Wealth Advisors LLC acquired a new position in shares of JBS during the second quarter worth approximately $29,000. Jones Financial Companies Lllp increased its position 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 acquiring an additional 2,206 shares during the period. MAI Capital Management acquired a new stake in JBS in the 2nd quarter valued at approximately $44,000. Farther Finance Advisors LLC bought a new stake in JBS during the 3rd quarter valued at $44,000. Finally, Parallel Advisors LLC acquired a new position in JBS during the 3rd quarter worth $61,000.

JBS Stock Down 2.1%

Shares of JBS stock opened at $15.22 on Thursday. Jbs N.V. has a 1 year low of $12.37 and a 1 year high of $17.80. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.15. The business’s fifty day moving average is $15.49 and its 200-day moving average is $14.73.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group raised JBS to a “strong-buy” rating in a report on Friday, February 6th. The Goldman Sachs Group set a $18.50 price objective on shares of JBS in a report on Wednesday, November 26th. Santander upgraded shares of JBS from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 11th. Weiss Ratings raised shares of JBS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 4th. Finally, Zacks Research downgraded shares of JBS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $19.40.

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.