Ramirez Asset Management Inc. Acquires 108,143 Shares of Jbs N.V. $JBS

Ramirez Asset Management Inc. raised its position in Jbs N.V. (NYSE:JBS) by 9.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,292,547 shares of the company’s stock after buying an additional 108,143 shares during the quarter. JBS comprises about 2.4% of Ramirez Asset Management Inc.’s holdings, making the stock its 3rd largest position. Ramirez Asset Management Inc.’s holdings in JBS were worth $18,639,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Steadtrust LLC raised its position in JBS by 0.5% during 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 during the last quarter. Capital Research Global Investors raised its position in JBS by 0.6% during 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 during the last quarter. Sequoia Financial Advisors LLC raised its position in JBS by 7.5% during 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 during the last quarter. Farther Finance Advisors LLC raised its position in JBS by 41.9% during 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 during the last quarter. Finally, US Bancorp DE raised its position in JBS by 10.0% during 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 during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JBS shares. Mizuho upgraded shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. downgraded shares of JBS from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $20.50 to $18.50 in a research report on Thursday, May 14th. Barclays cut their price objective on shares of JBS from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Weiss Ratings downgraded shares of JBS from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Finally, Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $19.00.

JBS Price Performance

Shares of NYSE JBS opened at $12.23 on Friday. The firm has a market capitalization of $9.49 billion and a P/E ratio of 7.69. Jbs N.V. has a one year low of $11.79 and a one year high of $18.65. The company’s fifty day moving average is $15.62 and its two-hundred day moving average is $15.25. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50.

JBS (NYSE:JBS) last issued its earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $21.61 billion for the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts forecast that Jbs N.V. will post 1.45 EPS for the current fiscal year.

JBS Announces Dividend

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

About JBS

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.