Amundi Grows Stock Position in JBT Marel Corporation $JBTM

Amundi increased its stake in shares of JBT Marel Corporation (NYSE:JBTMFree Report) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,098 shares of the company’s stock after purchasing an additional 7,273 shares during the quarter. Amundi’s holdings in JBT Marel were worth $18,292,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Walleye Capital LLC acquired a new stake in JBT Marel in the second quarter valued at approximately $3,953,000. Bank of America Corp DE grew its holdings in JBT Marel by 2.3% during the 1st quarter. Bank of America Corp DE now owns 466,741 shares of the company’s stock worth $59,682,000 after acquiring an additional 10,714 shares in the last quarter. Bessemer Group Inc. increased its position in shares of JBT Marel by 127.3% in the 4th quarter. Bessemer Group Inc. now owns 386,767 shares of the company’s stock valued at $58,275,000 after purchasing an additional 216,602 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of JBT Marel by 9,103.1% in the 4th 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 during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of JBT Marel in the 2nd quarter valued at $1,150,221,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

JBT Marel Price Performance

Shares of NYSE:JBTM opened at $114.25 on Friday. JBT Marel Corporation has a 12 month low of $110.19 and a 12 month high of $170.19. The firm has a market capitalization of $5.93 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.24 and a beta of 0.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.70. The company’s fifty day moving average price is $126.80 and its 200 day moving average price is $131.24.

JBT Marel (NYSE:JBTMGet Free Report) last released its quarterly earnings data 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). The company had revenue of $981.00 million during the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. As a group, sell-side analysts predict that JBT Marel Corporation will post 8.04 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 17th. JBT Marel’s dividend payout ratio (DPR) is currently 10.90%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JBTM. Barclays started coverage on shares of JBT Marel in a research note on Tuesday. They set an “overweight” rating and a $150.00 target price for the company. Oppenheimer assumed coverage on JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price target for the company. Seaport Research Partners set a $165.00 price objective on JBT Marel in a report on Thursday, May 21st. KeyCorp initiated coverage on JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Wall Street Zen cut JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.80.

View Our Latest Research Report on JBT Marel

JBT Marel Profile

(Free Report)

JBT Marel Corporation is a global food technology company that develops equipment, systems and services for the processing, preparation, packaging and handling of food and beverages. Its solutions are used by food producers, processors and manufacturers across the poultry, meat, seafood, prepared foods, fruit and vegetables, pet food, dairy and beverage industries.

The company’s portfolio includes systems for portioning, weighing, sorting, grading, marinating, cooking, freezing, filling, packaging and automated material handling.

Further Reading

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

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