Blair William & Co. IL Buys Shares of 5,094 JBT Marel Corporation $JBTM

Key Points

• Blair William & Co. IL purchased 5,094 shares of JBT Marel Corporation, worth approximately $613,000, highlighting increased interest from institutional investors in the company.
• JBT Marel recently announced a quarterly dividend of $0.10 per share, resulting in an annualized yield of 0.3%.
• The stock has a moderate buy consensus rating with an average target price set at $156.00, following recent upgrades by several brokerages.

Blair William & Co. IL bought a new stake in JBT Marel Corporation (NYSE:JBTM - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,094 shares of the company's stock, valued at approximately $613,000.

A number of other institutional investors also recently made changes to their positions in JBTM. Fifth Third Bancorp bought a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $50,000. Public Employees Retirement System of Ohio bought a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $63,000. Hilltop National Bank bought a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $89,000. Sage Rhino Capital LLC bought a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $208,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $272,000. 98.92% of the stock is owned by institutional investors and hedge funds.

JBT Marel Trading Down 1.8%

Shares of JBT Marel stock opened at $134.32 on Friday. JBT Marel Corporation has a fifty-two week low of $90.08 and a fifty-two week high of $148.76. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of -58.66, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $140.12 and a 200-day simple moving average of $125.24.

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

JBT Marel Announces Dividend

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

Analyst Upgrades and Downgrades

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

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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