Jbs N.V. $JBS Shares Acquired by Ovata Capital Management Ltd

Ovata Capital Management Ltd increased its holdings in Jbs N.V. (NYSE:JBS) by 1,724.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 499,983 shares of the company’s stock after purchasing an additional 472,575 shares during the period. JBS accounts for 0.9% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 25th biggest position. Ovata Capital Management Ltd’s holdings in JBS were worth $7,210,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers purchased a new stake in JBS in the second quarter valued at approximately $203,000. Arrowstreet Capital Limited Partnership purchased a new position in JBS during the second quarter worth approximately $5,490,000. EverSource Wealth Advisors LLC acquired a new position in shares of JBS in the 2nd quarter valued at $29,000. First Trust Advisors LP acquired a new position in shares of JBS in the 2nd quarter valued at $1,419,000. Finally, Marshall Wace LLP purchased a new stake in shares of JBS during the 2nd quarter valued at $5,206,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of JBS from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. cut shares of JBS from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $20.50 to $18.50 in a research report on Thursday, May 14th. UBS Group set a $17.00 price objective on shares of JBS in a research note on Tuesday, May 19th. Weiss Ratings lowered shares of JBS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Barclays cut their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

JBS Price Performance

JBS stock opened at $11.91 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.50 and a debt-to-equity ratio of 2.42. Jbs N.V. has a 52-week low of $11.49 and a 52-week high of $18.65. The stock’s 50 day moving average is $14.51 and its two-hundred day moving average is $15.10. The company has a market capitalization of $9.24 billion and a PE ratio of 7.49.

JBS (NYSE:JBS) last released its earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $21.61 billion during the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Analysts predict that Jbs N.V. will post 1.45 earnings per share for the current fiscal year.

JBS Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, May 18th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, May 18th. JBS’s payout ratio is currently 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.