Vontobel Holding Ltd. Invests $389,000 in JBT Marel Corporation $JBTM

Key Points

• Vontobel Holding Ltd. invested approximately $389,000 in JBT Marel Corporation by purchasing 3,231 shares in the second quarter.
• Institutional investors own 98.92% of JBT Marel's stock, with several other firms also acquiring new stakes during the same period.
• JBT Marel has an average rating of "Moderate Buy" from analysts, with a consensus price target of $156.00.

Vontobel Holding Ltd. purchased a new position in JBT Marel Corporation (NYSE:JBTM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,231 shares of the company's stock, valued at approximately $389,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in JBT Marel during the second quarter worth approximately $50,000. Public Employees Retirement System of Ohio bought a new stake in JBT Marel during the second quarter worth approximately $63,000. Hilltop National Bank bought a new stake in JBT Marel during the second quarter worth approximately $89,000. Sage Rhino Capital LLC acquired a new stake in shares of JBT Marel in the second quarter valued at $208,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of JBT Marel in the second quarter valued at $272,000. Institutional investors own 98.92% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JBTM. Robert W. Baird set a $169.00 price objective on JBT Marel in a report on Friday, October 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of JBT Marel in a report on Wednesday, October 8th. Finally, William Blair upgraded JBT Marel from a "market perform" rating to an "outperform" rating in a 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, the company has an average rating of "Moderate Buy" and a consensus price target of $156.00.

JBT Marel Trading Up 1.3%

Shares of NYSE JBTM opened at $140.70 on Wednesday. JBT Marel Corporation has a 12 month low of $90.08 and a 12 month high of $148.76. The company has a market cap of $7.31 billion, a price-to-earnings ratio of -61.44, a P/E/G ratio of 1.90 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 $125.08.

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. Sell-side analysts predict that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Dividend Announcement

The firm 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 of this dividend was Monday, August 18th. JBT Marel's payout ratio is presently -17.47%.

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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