20,270 Shares in JBS N.V. $JBS Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in JBS N.V. (NYSE:JBS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,270 shares of the company’s stock, valued at approximately $296,000.

Separately, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in JBS in the second quarter worth about $256,000.

JBS Price Performance

Shares of JBS stock opened at $13.59 on Tuesday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.54 and a quick ratio of 0.76. The firm has a 50 day moving average of $15.03. JBS N.V. has a fifty-two week low of $12.83 and a fifty-two week high of $17.80.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JBS. BMO Capital Markets began coverage on shares of JBS in a research report on Thursday, June 26th. They issued an “outperform” rating for the company. Stephens reaffirmed an “overweight” rating and set a $19.00 price objective on shares of JBS in a report on Friday, August 15th. Wall Street Zen lowered shares of JBS from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Santander started coverage on shares of JBS in a report on Thursday, August 14th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of JBS from $20.50 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

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.