Ramirez Asset Management Inc. Buys Shares of 814,236 JBS N.V. $JBS

Ramirez Asset Management Inc. bought a new stake in shares of JBS N.V. (NYSE:JBS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 814,236 shares of the company’s stock, valued at approximately $11,896,000. JBS makes up about 1.8% of Ramirez Asset Management Inc.’s portfolio, making the stock its 6th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deltec Asset Management LLC bought a new stake in JBS during the 2nd quarter valued at $524,000. Public Employees Retirement System of Ohio purchased a new stake in shares of JBS during the 2nd quarter valued at $296,000. GAMMA Investing LLC purchased a new stake in shares of JBS during the 2nd quarter valued at $53,000. Peoples Bank OH purchased a new stake in shares of JBS during the 2nd quarter valued at $183,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of JBS during the 2nd quarter valued at $325,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JBS. Weiss Ratings lowered JBS from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday. BMO Capital Markets began coverage on JBS in a report on Thursday, June 26th. They set an “outperform” rating for the company. Santander began coverage on JBS in a report on Thursday, August 14th. They set a “neutral” rating for the company. Wall Street Zen lowered JBS from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, JPMorgan Chase & Co. raised their target price on JBS from $20.50 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.00.

JBS Stock Performance

Shares of JBS stock opened at $12.64 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. The stock has a fifty day moving average price of $14.99. JBS N.V. has a 1 year low of $12.58 and a 1 year high of $17.80.

About JBS

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.