Callan Family Office LLC Invests $438,000 in JBT Marel Corporation $JBTM

Key Points

• Callan Family Office LLC has invested approximately $438,000 in JBT Marel Corporation, acquiring 3,640 shares during the second quarter.
• The company recently announced a quarterly dividend of $0.10 per share, representing an annualized yield of 0.3%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for JBT Marel, with a target price of $156.00.

Callan Family Office LLC bought a new position in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,640 shares of the company's stock, valued at approximately $438,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Fifth Third Bancorp purchased a new stake in shares of JBT Marel during the second quarter worth about $50,000. Public Employees Retirement System of Ohio purchased a new stake in shares of JBT Marel during the second quarter worth about $63,000. Hilltop National Bank purchased a new stake in shares of JBT Marel during the second quarter worth about $89,000. Sage Rhino Capital LLC purchased a new stake in shares of JBT Marel during the second quarter worth about $208,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of JBT Marel during the second quarter worth about $272,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Stock Performance

Shares of JBTM stock opened at $140.70 on Wednesday. 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 50 day moving average of $140.12 and a two-hundred day moving average of $125.08. JBT Marel Corporation has a 52 week low of $90.08 and a 52 week high of $148.76. The company has a market cap of $7.31 billion, a P/E ratio of -61.44, a PEG ratio of 1.90 and a beta of 1.21.

JBT Marel (NYSE:JBTM - Get Free Report) last issued 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 company had revenue of $439.40 million during the quarter. As a group, analysts anticipate that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Announces Dividend

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

Wall Street Analysts Forecast Growth

JBTM has been the subject of several research analyst reports. William Blair raised JBT Marel from a "market perform" rating to an "outperform" rating in a report on Wednesday, August 6th. Weiss Ratings reissued 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 report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $156.00.

About JBT Marel

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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