Police & Firemen s Retirement System of New Jersey Takes Position in Jbs N.V. $JBS

Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Jbs N.V. (NYSE:JBS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 98,064 shares of the company’s stock, valued at approximately $1,433,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC purchased a new position in JBS during the 2nd quarter valued at about $31,092,000. Ramirez Asset Management Inc. purchased a new stake in shares of JBS in the second quarter valued at about $11,896,000. Journey Advisory Group LLC acquired a new stake in shares of JBS in the second quarter valued at approximately $5,750,000. Allianz Asset Management GmbH purchased a new position in shares of JBS during the 2nd quarter worth approximately $4,080,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of JBS during the 2nd quarter worth approximately $3,921,000.

Analyst Ratings Changes

A number of research firms recently issued reports on JBS. Mizuho set a $20.00 target price on JBS in a research note on Tuesday, October 28th. Zacks Research cut JBS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. reduced their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. Stephens reaffirmed an “overweight” rating and set a $19.00 price target on shares of JBS in a research note on Friday, August 15th. Finally, Wall Street Zen downgraded shares of JBS from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.67.

JBS Trading Down 0.3%

JBS stock opened at $13.62 on Friday. The firm has a fifty day simple moving average of $13.78. Jbs N.V. has a 52 week low of $12.37 and a 52 week high of $17.80. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15.

JBS (NYSE:JBS) last issued its quarterly earnings results on Friday, November 14th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.74 by ($2.22). The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year.

JBS Company Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.