LSV Asset Management Makes New Investment in Jbs N.V. $JBS

LSV Asset Management purchased a new position in shares of Jbs N.V. (NYSE:JBS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,450 shares of the company’s stock, valued at approximately $742,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBS. Rhumbline Advisers bought a new stake in JBS during the second quarter worth $203,000. Arrowstreet Capital Limited Partnership bought a new stake in JBS during the second quarter worth $5,490,000. EverSource Wealth Advisors LLC bought a new stake in JBS during the second quarter worth $29,000. First Trust Advisors LP bought a new stake in JBS during the second quarter worth $1,419,000. Finally, Marshall Wace LLP bought a new stake in JBS during the second quarter worth $5,206,000.

Wall Street Analysts Forecast Growth

JBS has been the topic of several research analyst reports. Barclays dropped their price objective on shares of JBS from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings raised shares of JBS from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 18th. UBS Group set a $17.00 price objective on shares of JBS in a research report on Tuesday, May 19th. Zacks Research raised shares of JBS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lowered shares of JBS from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $20.50 to $18.50 in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $19.00.

JBS Price Performance

Shares of JBS opened at $13.27 on Thursday. The firm has a market capitalization of $10.30 billion and a PE ratio of 8.35. The company’s 50-day moving average is $16.01 and its 200-day moving average is $15.30. Jbs N.V. has a fifty-two week low of $12.37 and a fifty-two week high of $18.65. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.50 and a quick ratio of 0.77.

JBS (NYSE:JBS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). JBS had a return on equity of 19.28% and a net margin of 1.98%.The business had revenue of $21.61 billion for the quarter. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts forecast that Jbs N.V. will post 1.45 EPS for the current year.

JBS Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th. JBS’s dividend payout ratio (DPR) 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.