Advisors Asset Management Inc. Invests $1.46 Million in Jbs N.V. $JBS

Advisors Asset Management Inc. bought a new stake in shares of Jbs N.V. (NYSE:JBS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 100,127 shares of the company’s stock, valued at approximately $1,463,000.

Other hedge funds also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC purchased a new stake in JBS in the 2nd quarter worth $1,506,000. American Century Companies Inc. bought a new position in shares of JBS in the second quarter worth about $4,019,000. Rhumbline Advisers purchased a new stake in shares of JBS during the second quarter worth about $203,000. Legal & General Group Plc bought a new stake in JBS during the 2nd quarter valued at approximately $19,491,000. Finally, MAI Capital Management bought a new stake in JBS during the 2nd quarter valued at approximately $44,000.

JBS Trading Down 0.3%

JBS stock opened at $14.68 on Monday. Jbs N.V. has a 52 week low of $12.37 and a 52 week high of $17.80. 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 company’s fifty day simple moving average is $13.64.

JBS (NYSE:JBS) last posted its earnings results on Friday, November 14th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.74 by ($2.22). JBS’s revenue for the quarter was up 13.4% compared to the same quarter last year.

Analyst Ratings Changes

Several research analysts have weighed in on JBS shares. Santander initiated coverage on JBS in a research note on Thursday, August 14th. They issued a “neutral” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of JBS in a research report on Tuesday, November 11th. JPMorgan Chase & Co. cut their target price on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Zacks Research upgraded shares of JBS from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Stephens reissued an “overweight” rating and set a $19.00 price objective on shares of JBS in a report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.38.

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.