NFJ Investment Group LLC Sells 6,012 Shares of JBT Marel Corporation $JBTM

NFJ Investment Group LLC lowered its position in JBT Marel Corporation (NYSE:JBTMFree Report) by 8.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,559 shares of the company’s stock after selling 6,012 shares during the period. NFJ Investment Group LLC’s holdings in JBT Marel were worth $10,480,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. bought a new position in shares of JBT Marel in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new position in shares of JBT Marel in the 2nd quarter worth approximately $28,000. CI Investments Inc. increased its position in JBT Marel by 69.2% during the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in JBT Marel during the 2nd quarter valued at approximately $29,000. Finally, Group One Trading LLC increased its position in JBT Marel by 49.3% during the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after buying an additional 72 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JBTM shares. Weiss Ratings lowered JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Wall Street Zen raised JBT Marel from a “hold” rating to a “buy” rating in a research report on Saturday. Seaport Research Partners set a $165.00 price objective on JBT Marel in a research report on Thursday, May 21st. Oppenheimer started coverage on JBT Marel in a research report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective for the company. Finally, Zacks Research downgraded JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, JBT Marel has an average rating of “Moderate Buy” and a consensus target price of $174.67.

Read Our Latest Stock Report on JBT Marel

JBT Marel Stock Performance

Shares of JBTM opened at $125.22 on Friday. The business’s fifty day simple moving average is $128.97 and its two-hundred day simple moving average is $142.85. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32. JBT Marel Corporation has a 12 month low of $113.67 and a 12 month high of $170.19. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 1.32 and a beta of 0.95.

JBT Marel (NYSE:JBTMGet Free Report) last issued its earnings results on Monday, May 4th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.49 by $0.09. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The business had revenue of $936.00 million for the quarter. During the same quarter in the prior year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Research analysts anticipate that JBT Marel Corporation will post 8.26 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were paid 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 Tuesday, May 26th. JBT Marel’s dividend payout ratio (DPR) is 12.50%.

JBT Marel Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for JBT Marel (NYSE:JBTM)

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