5,889 Shares in JBT Marel Corporation $JBTM Purchased by US Bancorp DE

Key Points

• US Bancorp DE acquired 5,889 shares of JBT Marel Corporation, valued at approximately $708,000, during the second quarter as part of their investment strategy.
• Brokerages have mixed reviews on JBT Marel, with William Blair upgrading it to "outperform" while Weiss Ratings maintained a "hold" rating, reflecting varying perspectives on the stock's performance.
• JBT Marel recently announced a quarterly dividend of $0.10 per share, indicating a modest yield of 0.3%, but has a negative payout ratio of -17.47%.

US Bancorp DE bought a new stake in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,889 shares of the company's stock, valued at approximately $708,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in JBT Marel during the 2nd quarter valued at about $50,000. Public Employees Retirement System of Ohio purchased a new position in JBT Marel during the 2nd quarter valued at about $63,000. Hilltop National Bank purchased a new position in JBT Marel during the 2nd quarter valued at about $89,000. Sage Rhino Capital LLC purchased a new position in JBT Marel during the 2nd quarter valued at about $208,000. Finally, Janney Montgomery Scott LLC purchased a new position in JBT Marel during the 2nd quarter valued at about $272,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JBTM. William Blair upgraded JBT Marel from a "market perform" rating to an "outperform" rating in a report on Wednesday, August 6th. Weiss Ratings restated a "hold (c-)" rating on shares of JBT Marel in a report on Wednesday, October 8th. Finally, Robert W. Baird set a $169.00 price objective on JBT Marel in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, JBT Marel has an average rating of "Moderate Buy" and an average target price of $156.00.

JBT Marel Stock Performance

Shares of JBTM opened at $131.61 on Friday. The stock has a 50-day simple moving average of $140.03 and a 200-day simple moving average of $125.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.53 and a current ratio of 0.93. The stock has a market capitalization of $6.84 billion, a PE ratio of -57.47, a PEG ratio of 1.80 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.

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

JBT Marel Dividend Announcement

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