Police & Firemen s Retirement System of New Jersey Takes $1.43 Million Position in Jbs N.V. $JBS

Police & Firemen s Retirement System of New Jersey bought a new position in Jbs N.V. (NYSE:JBS) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 98,064 shares of the company’s stock, valued at approximately $1,433,000.

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

JBS Stock Performance

Shares of JBS stock opened at $13.62 on Friday. The company has a fifty day moving average price of $13.78. Jbs N.V. has a twelve month low of $12.37 and a twelve month 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 data on Friday, November 14th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $2.74 by ($2.22). JBS’s revenue was up 13.4% compared to the same quarter last year.

Analysts Set New Price Targets

A number of research analysts have weighed in on JBS shares. Santander assumed coverage on shares of JBS in a research report on Thursday, August 14th. They set a “neutral” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of JBS in a report on Tuesday, November 11th. JPMorgan Chase & Co. decreased their price target on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Wall Street Zen lowered JBS from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Mizuho set a $20.00 price objective on JBS in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, JBS presently has a consensus rating of “Hold” and a consensus target price of $19.67.

About JBS

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.