Hsbc Holdings PLC Sells 6,302 Shares of JBT Marel Corporation $JBTM

Hsbc Holdings PLC cut its holdings in JBT Marel Corporation (NYSE:JBTMFree Report) by 12.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,994 shares of the company’s stock after selling 6,302 shares during the quarter. Hsbc Holdings PLC owned approximately 0.09% of JBT Marel worth $6,615,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Walleye Capital LLC bought a new position in shares of JBT Marel in the second quarter worth about $3,953,000. Bank of America Corp DE grew its stake in shares of JBT Marel by 2.3% during the first quarter. Bank of America Corp DE now owns 466,741 shares of the company’s stock valued at $59,682,000 after purchasing an additional 10,714 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of JBT Marel by 9,103.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company’s stock valued at $3,522,000 after purchasing an additional 23,122 shares in the last quarter. Bessemer Group Inc. raised its position in JBT Marel by 127.3% in the 4th quarter. Bessemer Group Inc. now owns 386,767 shares of the company’s stock worth $58,275,000 after purchasing an additional 216,602 shares during the last quarter. Finally, BlackRock Inc. acquired a new position in JBT Marel during the 2nd quarter worth $1,150,221,000. 98.92% of the stock is owned by institutional investors.

JBT Marel Price Performance

Shares of JBTM opened at $113.81 on Thursday. The stock has a market cap of $5.90 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92. The stock’s 50-day moving average price is $128.09 and its two-hundred day moving average price is $131.73. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. JBT Marel Corporation has a 1 year low of $113.23 and a 1 year high of $170.19.

JBT Marel (NYSE:JBTMGet Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The firm had revenue of $981.00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, equities analysts predict that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.10 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. JBT Marel’s payout ratio is currently 10.90%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JBTM. Barclays started coverage on JBT Marel in a research note on Tuesday. They issued an “overweight” rating and a $150.00 target price for the company. Wall Street Zen lowered JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Oppenheimer started coverage on JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of JBT Marel in a research note on Wednesday, September 2nd. Finally, KeyCorp initiated coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price target for the company. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.80.

Check Out Our Latest Research Report on JBT Marel

JBT Marel 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.

See Also

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

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