Jbs N.V. $JBS Stock Purchased by Ethic Inc.

Ethic Inc. increased its position in Jbs N.V. (NYSE:JBS) by 374.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 87,806 shares of the company’s stock after purchasing an additional 69,296 shares during the period. Ethic Inc.’s holdings in JBS were worth $991,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBS. Atlas Brown Inc. acquired a new position in shares of JBS in the 2nd quarter worth approximately $118,000. North Dakota State Investment Board bought a new stake in shares of JBS in the 3rd quarter valued at approximately $115,000. Sowell Financial Services LLC bought a new stake in shares of JBS in the 3rd quarter valued at approximately $115,000. Cidel Asset Management Inc. acquired a new stake in shares of JBS during the 3rd quarter valued at approximately $117,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of JBS during the 1st quarter valued at approximately $236,000.

Insider Buying and Selling

In other JBS news, CFO Guilherme Cavalcanti sold 183,501 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $13.85, for a total transaction of $2,541,488.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

JBS Price Performance

Shares of NYSE:JBS opened at $12.15 on Friday. The firm’s 50 day moving average is $12.30 and its two-hundred day moving average is $13.96. Jbs N.V. has a 52 week low of $10.61 and a 52 week high of $18.65. The firm has a market capitalization of $9.44 billion, a P/E ratio of 18.70, a PEG ratio of 3.18 and a beta of -1.54. The company has a current ratio of 1.56, a quick ratio of 0.77 and a debt-to-equity ratio of 2.58.

JBS (NYSE:JBS) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.10). JBS had a net margin of 0.76% and a return on equity of 7.62%. The business had revenue of $22.74 billion for the quarter. During the same quarter last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that Jbs N.V. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JBS. UBS Group boosted their target price on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Monday, August 24th. Weiss Ratings raised shares of JBS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Stephens lowered their price objective on shares of JBS from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Wall Street Zen lowered shares of JBS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.10.

JBS Company Profile

JBS S.A. is a global food company focused on processing beef, pork, poultry and lamb. Its products include fresh and frozen meat, prepared and packaged foods, and value-added food products sold under brands such as Swift, Pilgrim’s and Seara. The company also produces ingredients and other products from animal byproducts, including leather and collagen. Founded in 1953 in Anápolis, Brazil, JBS has grown into an international business with operations across the Americas, Europe, Australia and other markets.