California State Teachers Retirement System Takes Position in Jbs N.V. $JBS

California State Teachers Retirement System purchased a new stake in Jbs N.V. (NYSE:JBS) in the first quarter, Holdings Channel.com reports. The fund purchased 61,896 shares of the company’s stock, valued at approximately $1,112,000.

Other large investors also recently made changes to their positions in the company. Rhumbline Advisers purchased a new position in shares of JBS in the 2nd quarter worth approximately $203,000. Arrowstreet Capital Limited Partnership purchased a new stake in JBS during the second quarter worth about $5,490,000. EverSource Wealth Advisors LLC purchased a new stake in JBS during the second quarter worth about $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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on JBS from $18.00 to $17.50 and set an “overweight” rating on the stock in a report on Wednesday. Wall Street Zen lowered JBS from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings cut JBS from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th. Zacks Research raised JBS from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Barclays dropped their price target on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $18.60.

JBS Stock Performance

Shares of JBS stock opened at $13.64 on Friday. The firm has a market capitalization of $10.59 billion, a PE ratio of 13.37, a P/E/G ratio of 4.36 and a beta of -1.65. Jbs N.V. has a 52 week low of $11.49 and a 52 week high of $18.65. The company has a quick ratio of 0.77, a current ratio of 1.53 and a debt-to-equity ratio of 2.51. The company has a 50 day moving average price of $12.55 and a 200-day moving average price of $14.60.

JBS (NYSE:JBS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). JBS had a return on equity of 12.00% and a net margin of 1.22%.The business had revenue of $23.90 billion during the quarter. The company’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts expect that Jbs N.V. will post 1.23 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.