17,498 Shares in JBT Marel Corporation $JBTM Acquired by Yousif Capital Management LLC

Key Points

• Yousif Capital Management LLC acquired 17,498 shares of JBT Marel Corporation, valued at approximately $2.1 million, reinforcing the company's strong institutional ownership at 98.92%.
• JBT Marel reported earnings of $1.02 per share for the last quarter, with an anticipated annual EPS of 5.21 while also paying a quarterly dividend of $0.10 per share.
• Analysts have set an average target price of $156.00 for JBT Marel, with current ratings including Buy and a consensus rating of Moderate Buy.

Yousif Capital Management LLC bought a new position in JBT Marel Corporation (NYSE:JBTM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,498 shares of the company's stock, valued at approximately $2,104,000.

A number of other hedge funds also recently bought and sold shares of the company. Costello Asset Management INC bought a new stake in JBT Marel in the 2nd quarter worth approximately $36,000. Fifth Third Bancorp bought a new stake in JBT Marel in the 2nd quarter worth approximately $50,000. Public Employees Retirement System of Ohio bought a new stake in JBT Marel in the second quarter valued at approximately $63,000. Hilltop National Bank bought a new stake in JBT Marel in the second quarter valued at approximately $89,000. Finally, Sage Rhino Capital LLC bought a new stake in JBT Marel in the second quarter valued at approximately $208,000. Institutional investors own 98.92% of the company's stock.

JBT Marel Price Performance

JBTM opened at $131.61 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.53 and a current ratio of 0.93. JBT Marel Corporation has a 52-week low of $90.08 and a 52-week high of $148.76. The stock has a market capitalization of $6.84 billion, a PE ratio of -57.47, a price-to-earnings-growth ratio of 1.80 and a beta of 1.21. The stock's 50 day moving average price is $140.03 and its 200-day moving average price is $125.29.

JBT Marel (NYSE:JBTM - Get Free Report) last posted its earnings results on Tuesday, February 22nd. The company reported $1.02 earnings per share (EPS) for the quarter. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%.The firm had revenue of $439.40 million for the quarter. On average, equities research analysts predict that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel's payout ratio is -17.47%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird set a $169.00 price objective on JBT Marel in a research report on Friday, October 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of JBT Marel in a research report on Wednesday, October 8th. Finally, William Blair upgraded JBT Marel from a "market perform" rating to an "outperform" rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $156.00.

JBT Marel Profile

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.

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