Vanguard Group Inc. Has $778.05 Million Holdings in JBT Marel Corporation $JBTM

Vanguard Group Inc. boosted its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 10.66% of JBT Marel worth $778,047,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in shares of JBT Marel during the 3rd quarter worth about $25,000. First Horizon Corp acquired a new stake in JBT Marel in the 3rd quarter worth approximately $27,000. UMB Bank n.a. bought a new stake in JBT Marel during the third quarter worth approximately $27,000. Steward Partners Investment Advisory LLC acquired a new position in JBT Marel during the second quarter valued at approximately $28,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of JBT Marel in the second quarter valued at approximately $28,000. 98.92% of the stock is currently owned by institutional investors.

JBT Marel Trading Up 1.4%

Shares of JBTM stock opened at $164.89 on Monday. The firm has a market capitalization of $8.57 billion, a P/E ratio of -73.61, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01. JBT Marel Corporation has a 1 year low of $90.08 and a 1 year high of $170.19. The firm’s fifty day simple moving average is $158.00 and its 200 day simple moving average is $145.54. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.34.

JBT Marel Dividend Announcement

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

Insider Activity at JBT Marel

In related news, Director Olafur S. Gudmundsson sold 20,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $141.79, for a total value of $2,835,800.00. Following the completion of the sale, the director owned 19,980 shares in the company, valued at approximately $2,832,964.20. This trade represents a 50.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on JBTM shares. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and upped their price objective for the stock 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 report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, JBT Marel presently has a consensus rating of “Moderate Buy” and an average target price of $174.50.

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.