Summit Global Investments bought a new position in shares of JBT Marel Corporation (NYSE:JBTM – Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,043 shares of the company’s stock, valued at approximately $517,000.
Other hedge funds have also modified their holdings of the company. Eurizon Capital SGR S.p.A. bought a new position in JBT Marel in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel during the second quarter worth $28,000. Parallel Advisors LLC lifted its stake in shares of JBT Marel by 1,211.8% during the first quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $29,000 after acquiring an additional 206 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in JBT Marel in the second quarter valued at about $29,000. Finally, Group One Trading LLC increased its position in JBT Marel by 49.3% in the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares during the period. 98.92% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have weighed in on JBTM shares. Weiss Ratings cut JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Zacks Research lowered shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Oppenheimer began 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 for the company. Wall Street Zen downgraded shares of JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Finally, Seaport Research Partners set a $165.00 price objective on shares of JBT Marel in a research note on Thursday, May 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, JBT Marel has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.
JBT Marel Trading Up 1.9%
NYSE JBTM opened at $134.96 on Thursday. JBT Marel Corporation has a 12 month low of $113.67 and a 12 month high of $170.19. The stock has a 50-day simple moving average of $133.08 and a 200 day simple moving average of $140.58. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $7.03 billion, a PE ratio of 42.17, a P/E/G ratio of 1.39 and a beta of 0.94.
JBT Marel (NYSE:JBTM – Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.09. The company had revenue of $936.00 million during the quarter. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.JBT Marel’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Research analysts forecast that JBT Marel Corporation will post 8.26 EPS for the current year.
JBT Marel Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s payout ratio is currently 12.50%.
JBT Marel Company Profile
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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