Bessemer Group Inc. Buys Shares of 13,374 JBT Marel Corporation $JBTM

Bessemer Group Inc. purchased a new stake in JBT Marel Corporation (NYSE:JBTM) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 13,374 shares of the company’s stock, valued at approximately $1,608,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research report on Wednesday, October 8th. Robert W. Baird set a $169.00 price target on shares of JBT Marel in a research report on Friday, October 3rd. Finally, William Blair raised shares of JBT Marel from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $156.00.

JBT Marel Stock Down 1.2%

JBTM stock opened at $123.86 on Friday. The company has a market capitalization of $6.44 billion, a P/E ratio of -54.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. JBT Marel Corporation has a 12 month low of $90.08 and a 12 month high of $148.76. The firm’s fifty day simple moving average is $138.02 and its 200-day simple moving average is $127.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.93 and a quick ratio of 0.53.

JBT Marel (NYSE:JBTM) last posted its earnings results on Tuesday, February 22nd. The company reported $1.02 earnings per share (EPS) for the quarter. JBT Marel had a negative net margin of 5.08% and a positive return on equity of 7.96%. The company had revenue of $439.40 million during the quarter. As a group, equities research analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.10 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s dividend 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.