Cinctive Capital Management LP Has $15.44 Million Holdings in Jbs N.V. $JBS

Cinctive Capital Management LP raised its holdings in shares of Jbs N.V. (NYSE:JBS) by 41.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,070,517 shares of the company’s stock after purchasing an additional 311,233 shares during the period. JBS accounts for approximately 0.8% of Cinctive Capital Management LP’s holdings, making the stock its 25th biggest holding. Cinctive Capital Management LP’s holdings in JBS were worth $15,437,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Balyasny Asset Management L.P. acquired a new position in JBS during the 4th quarter valued at about $14,053,000. Cetera Investment Advisers lifted its position in JBS by 184.4% during the 4th quarter. Cetera Investment Advisers now owns 40,791 shares of the company’s stock valued at $588,000 after purchasing an additional 26,450 shares during the period. Lazard Asset Management LLC lifted its position in JBS by 219.3% during the 4th quarter. Lazard Asset Management LLC now owns 105,041 shares of the company’s stock valued at $1,515,000 after purchasing an additional 72,146 shares during the period. Trexquant Investment LP acquired a new position in JBS during the 4th quarter valued at about $2,170,000. Finally, Jump Financial LLC lifted its position in JBS by 55.9% during the 4th quarter. Jump Financial LLC now owns 1,654,197 shares of the company’s stock valued at $23,854,000 after purchasing an additional 593,025 shares during the period.

JBS Stock Performance

Shares of JBS stock opened at $12.20 on Thursday. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77. The stock has a market cap of $9.46 billion and a PE ratio of 7.67. The stock has a 50-day moving average of $14.75 and a 200-day moving average of $15.14. Jbs N.V. has a one year low of $11.49 and a one year high of $18.65.

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

JBS Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, May 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 18th. JBS’s dividend payout ratio is 62.89%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JBS shares. JPMorgan Chase & Co. downgraded shares of JBS from an “overweight” rating to a “neutral” rating and cut their target price for the company from $20.50 to $18.50 in a research report on Thursday, May 14th. Weiss Ratings downgraded shares of JBS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Zacks Research downgraded shares of JBS from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. UBS Group set a $17.00 price target on JBS in a research note on Tuesday, May 19th. Finally, Mizuho raised JBS to a “strong-buy” rating in a research note on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.