Healthcare of Ontario Pension Plan Trust Fund Has $1.19 Million Position in Jbs N.V. $JBS

Healthcare of Ontario Pension Plan Trust Fund trimmed its stake in Jbs N.V. (NYSE:JBS) by 51.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of JBS in the 2nd quarter valued at about $29,000. Los Angeles Capital Management LLC bought a new position in JBS in the fourth quarter worth approximately $31,000. Global Trust Asset Management LLC acquired a new stake in JBS in the first quarter valued at approximately $34,000. Quarry LP bought a new stake in shares of JBS during the third quarter valued at approximately $34,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of JBS by 50.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,757 shares of the company’s stock worth $54,000 after purchasing an additional 1,257 shares during the period.

JBS Stock Performance

Shares of JBS stock opened at $14.01 on Friday. The firm has a 50-day moving average of $12.35 and a 200-day moving average of $14.70. The company has a market cap of $10.87 billion and a P/E ratio of 8.81. 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 N.V. has a one year low of $11.49 and a one year high of $18.65.

JBS (NYSE:JBS) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). The firm had revenue of $21.61 billion for the quarter. JBS had a return on equity of 19.28% and a net margin of 1.98%.The business’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts forecast that Jbs N.V. will post 1.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JBS. UBS Group set a $17.00 price target on shares of JBS in a research report on Tuesday, May 19th. Weiss Ratings cut shares of JBS from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Mizuho raised shares of JBS to a “strong-buy” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. raised shares of JBS from a “neutral” rating to an “overweight” rating and set a $18.00 price target on the stock in a research report on Tuesday, July 28th. Finally, Wall Street Zen upgraded JBS from a “sell” rating to a “hold” rating in a research note on Sunday. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $18.75.

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.