Ovata Capital Management Ltd Purchases 472,575 Shares of Jbs N.V. $JBS

Ovata Capital Management Ltd increased its position in Jbs N.V. (NYSE:JBS) by 1,724.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 499,983 shares of the company’s stock after buying an additional 472,575 shares during the period. JBS accounts for about 1.4% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 17th largest holding. Ovata Capital Management Ltd’s holdings in JBS were worth $7,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Davis Selected Advisers bought a new position in JBS in the 4th quarter worth $170,945,000. Banco BTG Pactual S.A. bought a new position in JBS in the 3rd quarter worth $143,175,000. Ameriprise Financial Inc. raised its holdings in JBS by 23,891.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,583,073 shares of the company’s stock worth $98,285,000 after acquiring an additional 6,555,634 shares during the period. State Street Corp bought a new position in JBS in the 2nd quarter worth $84,109,000. Finally, Alberta Investment Management Corp raised its holdings in JBS by 205.9% in the 3rd quarter. Alberta Investment Management Corp now owns 4,234,300 shares of the company’s stock worth $63,218,000 after acquiring an additional 2,850,000 shares during the period.

Analysts Set New Price Targets

Several brokerages recently commented on JBS. Barclays dropped their target price on shares of JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of JBS from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. UBS Group set a $17.00 price objective on shares of JBS in a report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. downgraded shares of JBS from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $20.50 to $18.50 in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, JBS currently has a consensus rating of “Buy” and an average target price of $19.00.

JBS Price Performance

Shares of JBS stock opened at $12.24 on Friday. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 1.50. The firm’s 50-day simple moving average is $15.69 and its 200-day simple moving average is $15.27. Jbs N.V. has a twelve month low of $11.79 and a twelve month high of $18.65. The firm has a market cap of $9.49 billion and a P/E ratio of 7.70.

JBS (NYSE:JBS) last issued 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). JBS had a net margin of 1.98% and a return on equity of 19.28%. The business had revenue of $21.61 billion for the quarter. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, research analysts expect that Jbs N.V. will post 1.45 EPS for the current fiscal year.

JBS Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 17th. Stockholders 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 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.