Jupiter Topco LLC bought a new position in shares of JBT Marel Corporation (NYSE:JBTM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 23,275 shares of the company’s stock, valued at approximately $3,376,000.
A number of other institutional investors have also made changes to their positions in the business. UMB Bank n.a. lifted its holdings in JBT Marel by 34.4% during the 4th quarter. UMB Bank n.a. now owns 254 shares of the company’s stock valued at $38,000 after purchasing an additional 65 shares during the last quarter. Main Management ETF Advisors LLC increased its holdings in shares of JBT Marel by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 7,047 shares of the company’s stock valued at $1,062,000 after purchasing an additional 72 shares during the last quarter. Group One Trading LLC increased its holdings in shares of JBT Marel by 49.3% in the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after purchasing an additional 72 shares during the last quarter. Redmond Asset Management LLC raised its position in shares of JBT Marel by 1.3% in the fourth quarter. Redmond Asset Management LLC now owns 7,788 shares of the company’s stock valued at $1,173,000 after purchasing an additional 101 shares during the period. Finally, Sanctuary Advisors LLC raised its position in shares of JBT Marel by 7.5% in the fourth quarter. Sanctuary Advisors LLC now owns 1,613 shares of the company’s stock valued at $243,000 after purchasing an additional 113 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.
JBT Marel Stock Down 0.3%
NYSE JBTM opened at $116.48 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.29 and a beta of 0.94. The company has a 50 day moving average of $130.98 and a 200-day moving average of $133.70. JBT Marel Corporation has a 1-year low of $113.23 and a 1-year high of $170.19.
JBT Marel Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 17th. JBT Marel’s dividend payout ratio is 10.90%.
Analyst Upgrades and Downgrades
Several analysts recently commented on JBTM shares. Wall Street Zen downgraded shares of JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Seaport Research Partners set a $165.00 price objective on shares of JBT Marel in a research report on Thursday, May 21st. Oppenheimer began coverage on JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective for the company. KeyCorp started coverage on JBT Marel in a research report on Tuesday, August 25th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Weiss Ratings lowered JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, JBT Marel presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.50.
View Our Latest Research Report on JBTM
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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