80,189 Shares in JBT Marel Corporation $JBTM Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC purchased a new position in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 80,189 shares of the company’s stock, valued at approximately $9,644,000. Peregrine Capital Management LLC owned 0.15% of JBT Marel at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $29,000. Costello Asset Management INC acquired a new position in shares of JBT Marel during the second quarter worth $36,000. Fifth Third Bancorp purchased a new position in JBT Marel in the second quarter valued at $50,000. Public Employees Retirement System of Ohio acquired a new stake in JBT Marel in the second quarter valued at $63,000. Finally, Hilltop National Bank purchased a new stake in JBT Marel during the 2nd quarter worth about $89,000. 98.92% of the stock is owned by institutional investors and hedge funds.

JBT Marel Stock Down 1.0%

Shares of NYSE JBTM opened at $128.84 on Tuesday. The business has a 50-day moving average price of $138.88 and a 200 day moving average price of $126.67. The stock has a market cap of $6.70 billion, a PE ratio of -56.26, a price-to-earnings-growth ratio of 1.78 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. JBT Marel Corporation has a 52-week low of $90.08 and a 52-week high of $148.76.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Tuesday, February 22nd. The company reported $1.02 earnings per share for the quarter. The company had revenue of $439.40 million during the quarter. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%. Equities research analysts forecast that JBT Marel Corporation will post 5.21 earnings per share 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 $0.10 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s dividend payout ratio is -17.47%.

Analyst Ratings Changes

A number of research analysts have recently commented on JBTM shares. Robert W. Baird set a $169.00 price objective on JBT Marel in a report on Friday, October 3rd. William Blair upgraded shares of JBT Marel from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, JBT Marel has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.