Jbs N.V. $JBS Stake Raised by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. increased its holdings in Jbs N.V. (NYSE:JBS) by 9.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,292,547 shares of the company’s stock after purchasing an additional 108,143 shares during the quarter. JBS makes up about 2.4% of Ramirez Asset Management Inc.’s investment portfolio, making the stock its 3rd largest position. Ramirez Asset Management Inc.’s holdings in JBS were worth $18,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Steadtrust LLC boosted its position in shares of JBS by 0.5% in the 4th quarter. Steadtrust LLC now owns 173,630 shares of the company’s stock worth $2,504,000 after buying an additional 800 shares in the last quarter. Capital Research Global Investors boosted its position in shares of JBS by 0.6% in the 3rd quarter. Capital Research Global Investors now owns 145,352 shares of the company’s stock worth $2,186,000 after buying an additional 839 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of JBS by 7.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 13,003 shares of the company’s stock worth $188,000 after buying an additional 908 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of JBS by 41.9% in the 4th quarter. Farther Finance Advisors LLC now owns 4,142 shares of the company’s stock worth $60,000 after buying an additional 1,223 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of JBS by 10.0% in the 3rd quarter. US Bancorp DE now owns 13,497 shares of the company’s stock worth $202,000 after buying an additional 1,225 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on JBS shares. Weiss Ratings lowered shares of JBS from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. Barclays decreased their price objective 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. UBS Group set a $17.00 price objective on shares of JBS in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. lowered shares of JBS from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $20.50 to $18.50 in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, JBS currently has an average rating of “Buy” and a consensus target price of $19.00.

JBS Price Performance

NYSE:JBS opened at $12.23 on Friday. The firm has a market cap of $9.49 billion and a price-to-earnings ratio of 7.69. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. The company’s 50-day moving average is $15.62 and its two-hundred day moving average is $15.25. Jbs N.V. has a 12-month low of $11.79 and a 12-month high of $18.65.

JBS (NYSE:JBS) last released its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The firm 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%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts expect that Jbs N.V. will post 1.45 EPS for the current year.

JBS Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, May 18th will be issued a $1.00 dividend. The ex-dividend date is Monday, May 18th. JBS’s dividend payout ratio is 62.89%.

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.