Vanguard Group Inc. Purchases 56,115 Shares of JBT Marel Corporation $JBTM

Vanguard Group Inc. increased its position in JBT Marel Corporation (NYSE:JBTM) by 1.0% in the 3rd quarter, Holdings Channel reports. The firm owned 5,539,674 shares of the company’s stock after buying an additional 56,115 shares during the quarter. Vanguard Group Inc. owned about 0.11% of JBT Marel worth $778,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of JBTM. Salomon & Ludwin LLC bought a new stake in JBT Marel in the 3rd quarter valued at $25,000. First Horizon Corp acquired a new stake in shares of JBT Marel during the 3rd quarter valued at about $27,000. UMB Bank n.a. bought a new stake in JBT Marel in the third quarter valued at about $27,000. Steward Partners Investment Advisory LLC bought a new stake in JBT Marel in the second quarter valued at about $28,000. Finally, EverSource Wealth Advisors LLC acquired a new position in JBT Marel in the second quarter worth about $28,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Trading Up 1.4%

JBTM stock opened at $164.89 on Monday. The business has a fifty day moving average price of $158.00 and a 200 day moving average price of $145.54. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.93 and a quick ratio of 0.53. JBT Marel Corporation has a fifty-two week low of $90.08 and a fifty-two week high of $170.19. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of -73.61, a P/E/G ratio of 1.61 and a beta of 1.01.

JBT Marel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. JBT Marel’s dividend payout ratio is currently -17.86%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised JBT Marel from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $180.00 in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $174.50.

Insiders Place Their Bets

In other JBT Marel news, Director Olafur S. Gudmundsson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $150.09, for a total value of $1,500,900.00. Following the completion of the sale, the director owned 9,980 shares in the company, valued at approximately $1,497,898.20. This trade represents a 50.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

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.