Maryland State Retirement & Pension System Decreases Stock Position in JBT Marel Corporation $JBTM

Maryland State Retirement & Pension System cut its position in JBT Marel Corporation (NYSE:JBTM) by 45.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,471 shares of the company’s stock after selling 6,122 shares during the quarter. Maryland State Retirement & Pension System’s holdings in JBT Marel were worth $1,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new position in shares of JBT Marel during the 3rd quarter worth $25,000. First Horizon Corp purchased a new stake in JBT Marel during the third quarter valued at about $27,000. Steward Partners Investment Advisory LLC bought a new position in JBT Marel during the second quarter worth about $28,000. EverSource Wealth Advisors LLC purchased a new position in shares of JBT Marel in the second quarter worth about $28,000. Finally, JTC Employer Solutions Trustee Ltd purchased a new position in shares of JBT Marel in the second quarter worth about $29,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

JBTM has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and upped their price target for the company from $150.00 to $180.00 in a research note on Wednesday, December 10th. Robert W. Baird set a $169.00 target price on shares of JBT Marel in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.00.

JBT Marel Price Performance

Shares of NYSE:JBTM opened at $153.59 on Wednesday. The company has a 50 day moving average of $148.41 and a 200 day moving average of $140.94. The stock has a market cap of $7.98 billion, a P/E ratio of -68.57, a P/E/G ratio of 1.55 and a beta of 1.00. JBT Marel Corporation has a 12 month low of $90.08 and a 12 month high of $160.84. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.34.

JBT Marel (NYSE:JBTM) last posted its earnings results on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.43. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $936.75 million. JBT Marel’s quarterly revenue was up 120.6% compared to the same quarter last year. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. As a group, sell-side analysts forecast that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

JBT Marel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is currently -17.86%.

Insider Transactions at JBT Marel

In related news, Director Olafur S. Gudmundsson sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $150.09, for a total transaction of $1,500,900.00. Following the completion of the transaction, the director directly owned 9,980 shares in the company, valued at $1,497,898.20. The trade was a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% 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.