JBT Marel Corporation (NYSE:JBTM – Get Free Report)’s stock price was down 8.7% on Wednesday . The company traded as low as $120.98 and last traded at $121.00. Approximately 475,073 shares traded hands during trading, a decline of 13% from the average session volume of 548,285 shares. The stock had previously closed at $132.47.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on JBTM shares. Weiss Ratings lowered shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Wall Street Zen cut shares of JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Zacks Research cut JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Oppenheimer initiated coverage on JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 target price on the stock. Finally, Seaport Research Partners set a $165.00 price target on JBT Marel in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $174.67.
View Our Latest Stock Analysis on JBT Marel
JBT Marel Price Performance
JBT Marel (NYSE:JBTM – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.07). JBT Marel had a net margin of 4.89% and a return on equity of 8.76%. 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. Equities research analysts anticipate that JBT Marel Corporation will post 8.26 earnings per share for the current year.
JBT Marel Announces Dividend
The company also recently declared 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. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, May 26th. JBT Marel’s dividend payout ratio (DPR) is presently 12.50%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in JBTM. Eurizon Capital SGR S.p.A. acquired a new stake in shares of JBT Marel during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of JBT Marel in the second quarter valued at about $28,000. Parallel Advisors LLC increased its position in JBT Marel by 1,211.8% during the first quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock worth $29,000 after acquiring an additional 206 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in JBT Marel in the 2nd quarter worth about $29,000. Finally, Group One Trading LLC raised its stake in JBT Marel by 49.3% in the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. 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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