122,427 Shares in Jbs N.V. $JBS Bought by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC acquired 122,427 JBS shares during the second quarter, valued at approximately $1.45 million. Several other institutional investors also initiated or increased positions in the company.
• JBS shares opened at $12.22, near the lower end of their 52-week range, after the company missed quarterly earnings expectations with EPS of $0.20 versus the $0.32 consensus estimate. Revenue rose 13.8% year over year to $23.9 billion.
• Analyst sentiment remains mixed but leans positive: JBS has an average “Moderate Buy” rating and an $18.42 price target, while its CFO recently sold 183,501 shares for about $2.54 million.

Squarepoint Ops LLC acquired a new stake in Jbs N.V. (NYSE:JBS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 122,427 shares of the company's stock, valued at approximately $1,451,000.

Several other large investors also recently modified their holdings of JBS. Global Trust Asset Management LLC acquired a new position in shares of JBS in the first quarter worth about $34,000. Rockefeller Capital Management L.P. raised its position in shares of JBS by 50.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company's stock valued at $54,000 after purchasing an additional 1,257 shares in the last quarter. Atlas Brown Inc. acquired a new stake in shares of JBS during the second quarter worth approximately $118,000. Sequoia Financial Advisors LLC increased its stake in shares of JBS by 7.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company's stock worth $188,000 after buying an additional 908 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in JBS in the first quarter valued at $236,000.

Insider Buying and Selling

In other JBS news, CFO Guilherme Cavalcanti sold 183,501 shares of JBS stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $13.85, for a total value of $2,541,488.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

JBS has been the subject of several recent analyst reports. Stephens decreased their price objective on shares of JBS from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Monday, August 17th. Zacks Research upgraded shares of JBS from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Wall Street Zen cut shares of JBS from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. decreased their price target on JBS from $18.00 to $17.50 and set an "overweight" rating for the company in a research note on Wednesday, August 12th. Finally, Weiss Ratings cut JBS from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, JBS currently has an average rating of "Moderate Buy" and an average price target of $18.42.

JBS Stock Down 0.4%

Shares of NYSE:JBS opened at $12.22 on Thursday. The company's fifty day moving average is $13.08 and its two-hundred day moving average is $14.14. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.77 and a current ratio of 1.53. Jbs N.V. has a 1-year low of $11.49 and a 1-year high of $18.65. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 4.58 and a beta of -1.67.

JBS (NYSE:JBS - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.12). The business had revenue of $23.90 billion during the quarter. JBS had a net margin of 1.22% and a return on equity of 12.00%. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts anticipate that Jbs N.V. will post 1.08 EPS for the current year.

JBS Company Profile

JBS SA is a Brazil-based global food company that produces and sells animal-protein and prepared-food products. Its portfolio includes beef, pork, poultry, lamb, plant-based foods and value-added prepared meals, along with leather and other products derived from its processing operations.

Founded in 1953 by José Batista Sobrinho in Anápolis, Brazil, JBS has expanded from a local cattle-processing business into one of the world's largest protein companies. Its operations and products serve customers in Brazil and international markets across North America, South America, Europe, Asia, Africa and Australia.

JBS markets products under brands that include Friboi, Seara, Swift, Pilgrim's, Primo and 1855, although brand availability varies by country and product category.

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