Regents Gate Capital LLP Takes $4.70 Million Position in JBT Marel Corporation $JBTM

Regents Gate Capital LLP acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,087 shares of the company’s stock, valued at approximately $4,701,000. JBT Marel makes up 1.7% of Regents Gate Capital LLP’s investment portfolio, making the stock its 25th largest holding. Regents Gate Capital LLP owned approximately 0.08% of JBT Marel at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. purchased a new position in JBT Marel in the second quarter worth about $83,397,000. Congress Asset Management Co. bought a new position in JBT Marel in the 2nd quarter valued at $53,515,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of JBT Marel in the second quarter worth about $39,765,000. William Blair Investment Management LLC purchased a new position in shares of JBT Marel during the second quarter worth approximately $34,646,000. Finally, Envestnet Asset Management Inc. purchased a new position in JBT Marel during the 2nd quarter worth $29,873,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

JBT Marel Trading Up 1.7%

Shares of NYSE JBTM opened at $126.12 on Friday. The stock has a fifty day simple moving average of $137.59 and a 200-day simple moving average of $127.50. The stock has a market capitalization of $6.55 billion, a PE ratio of -55.07, a PEG ratio of 1.72 and a beta of 1.21. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.35. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $148.76.

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

JBT Marel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is -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.