Healthcare of Ontario Pension Plan Trust Fund Sells 69,112 Shares of Jbs N.V. $JBS

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of Jbs N.V. (NYSE:JBS) by 51.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,311 shares of the company’s stock after selling 69,112 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in JBS were worth $1,191,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers bought a new stake in JBS in the second quarter worth about $203,000. Arrowstreet Capital Limited Partnership bought a new position in shares of JBS during the 2nd quarter valued at approximately $5,490,000. EverSource Wealth Advisors LLC bought a new position in shares of JBS during the 2nd quarter valued at approximately $29,000. First Trust Advisors LP purchased a new stake in shares of JBS during the 2nd quarter worth approximately $1,419,000. Finally, Marshall Wace LLP purchased a new stake in shares of JBS during the 2nd quarter worth approximately $5,206,000.

Wall Street Analyst Weigh In

JBS has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded JBS from a “neutral” rating to an “overweight” rating and set a $18.00 price objective on the stock in a research note on Tuesday, July 28th. Wall Street Zen raised JBS from a “sell” rating to a “hold” rating in a research report on Sunday. UBS Group set a $17.00 target price on JBS in a research note on Tuesday, May 19th. Barclays dropped their price target on JBS from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Finally, Mizuho upgraded JBS to a “strong-buy” rating in a research note on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $18.75.

JBS Stock Performance

Shares of JBS stock opened at $14.01 on Friday. The stock has a market capitalization of $10.87 billion and a P/E ratio of 8.81. The company has a current ratio of 1.50, a quick ratio of 0.77 and a debt-to-equity ratio of 2.42. The firm’s 50 day moving average is $12.35 and its 200 day moving average is $14.70. Jbs N.V. has a 12 month low of $11.49 and a 12 month high of $18.65.

JBS (NYSE:JBS) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.20 EPS for the quarter, missing the consensus estimate 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 during the quarter. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Jbs N.V. will post 1.46 earnings per share for the current year.

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.