Legal & General Group Plc Acquires New Shares in Jbs N.V. $JBS

Legal & General Group Plc bought a new position in shares of Jbs N.V. (NYSE:JBS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,334,086 shares of the company’s stock, valued at approximately $19,491,000.

Several other institutional investors also recently modified their holdings of JBS. MAI Capital Management bought a new stake in shares of JBS in the 2nd quarter valued at about $44,000. CWM LLC acquired a new position in JBS during the second quarter valued at approximately $45,000. GAMMA Investing LLC bought a new stake in JBS in the second quarter valued at approximately $53,000. IFP Advisors Inc acquired a new stake in JBS in the second quarter worth $57,000. Finally, Blue Trust Inc. bought a new position in shares of JBS during the second quarter worth $96,000.

JBS Trading Down 0.3%

NYSE:JBS opened at $14.68 on Friday. The stock’s 50-day moving average price is $13.64. 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 released its quarterly earnings results on Friday, November 14th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.74 by ($2.22). JBS’s revenue was up 13.4% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of analysts recently commented on JBS shares. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of JBS in a research note on Tuesday, November 11th. Wall Street Zen lowered JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. cut their price objective on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group set a $18.50 target price on JBS in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, JBS has a consensus rating of “Moderate Buy” and an average price target of $19.38.

JBS 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.