JBT Marel Corporation (NYSE:JBTM – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $113.23 and last traded at $113.8080, with a volume of 304393 shares changing hands. The stock had previously closed at $115.96.
Analyst Ratings Changes
A number of research firms recently issued reports on JBTM. Seaport Research Partners set a $165.00 price target on JBT Marel in a research note on Thursday, May 21st. KeyCorp began coverage on JBT Marel in a report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price objective on the stock. Oppenheimer assumed coverage on shares of JBT Marel in a research report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price target on the stock. Wall Street Zen downgraded JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of JBT Marel in a research note on Wednesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, JBT Marel has an average rating of “Moderate Buy” and a consensus price target of $164.80.
Read Our Latest Analysis on JBTM
JBT Marel Stock Performance
JBT Marel (NYSE:JBTM – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.07). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The company had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, research analysts predict that JBT Marel Corporation will post 8.04 EPS for the current year.
JBT Marel Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, August 17th. JBT Marel’s dividend payout ratio is 10.90%.
Institutional Investors Weigh In On JBT Marel
Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of JBT Marel in the 2nd quarter valued at about $29,000. EverSource Wealth Advisors LLC acquired a new stake in shares of JBT Marel during the second quarter worth $28,000. First Trust Advisors LP acquired a new position in shares of JBT Marel during the 2nd quarter worth approximately $4,285,000. Amundi bought a new position in JBT Marel during the 2nd quarter worth $974,000. Finally, Gamco Investors INC. ET AL bought a new stake in JBT Marel during the second quarter worth about $1,173,000. Institutional investors own 98.92% of the company’s stock.
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.
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