Mutual of America Capital Management LLC Acquires New Stake in JBT Marel Corporation $JBTM

Mutual of America Capital Management LLC bought a new position in JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,942 shares of the company’s stock, valued at approximately $715,000.

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

Analyst Upgrades and Downgrades

JBTM has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a research note on Wednesday, October 8th. William Blair raised JBT Marel from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 6th. Finally, Robert W. Baird set a $169.00 target price on JBT Marel in a research report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $156.00.

JBT Marel Stock Performance

Shares of JBTM opened at $128.84 on Tuesday. The business has a 50-day simple moving average of $138.88 and a two-hundred day simple moving average of $126.67. 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. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of -56.26, a PEG ratio of 1.78 and a beta of 1.21.

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

JBT Marel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 18th. JBT Marel’s dividend payout ratio is presently -17.47%.

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.