3,224 Shares in JBT Marel Corporation $JBTM Acquired by Inspire Investing LLC

Key Points

• Inspire Investing LLC has acquired 3,224 shares of JBT Marel Corporation valued at approximately $388,000 during the second quarter.
• Wall Street analysts have a consensus rating of Moderate Buy for JBT Marel, with an average price target of $156.00.
• JBT Marel Corporation recently declared a quarterly dividend of $0.10 per share, representing a 0.3% yield.

Inspire Investing LLC acquired a new position in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,224 shares of the company's stock, valued at approximately $388,000.

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

Wall Street Analysts Forecast Growth

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

JBT Marel Stock Down 2.8%

NYSE:JBTM opened at $136.93 on Thursday. The firm has a market capitalization of $7.12 billion, a P/E ratio of -59.80, a PEG ratio of 1.93 and a beta of 1.21. JBT Marel Corporation has a 1-year low of $90.08 and a 1-year high of $148.76. The company's fifty day moving average price is $140.13 and its 200-day moving average price is $125.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.93 and a quick ratio of 0.53.

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

JBT Marel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 18th. JBT Marel's dividend payout ratio (DPR) is currently -17.47%.

JBT Marel Company 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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