5,915 Shares in JBT Marel Corporation $JBTM Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System bought a new position in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,915 shares of the company’s stock, valued at approximately $711,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of JBTM. Geode Capital Management LLC acquired a new stake in shares of JBT Marel in the 2nd quarter worth approximately $141,026,000. Champlain Investment Partners LLC purchased a new stake in JBT Marel during the second quarter worth $85,029,000. Vaughan Nelson Investment Management L.P. acquired a new stake in JBT Marel in the second quarter valued at $83,397,000. Artisan Partners Limited Partnership purchased a new position in shares of JBT Marel in the second quarter valued at $73,593,000. Finally, Congress Asset Management Co. purchased a new position in shares of JBT Marel in the second quarter valued at $53,515,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JBT Marel

In other JBT Marel news, Director Olafur S. Gudmundsson sold 20,000 shares of JBT Marel stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $141.79, for a total value of $2,835,800.00. Following the completion of the sale, the director directly owned 19,980 shares of the company’s stock, valued at approximately $2,832,964.20. The trade was a 50.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on JBTM shares. Robert W. Baird set a $169.00 price objective on shares of JBT Marel in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

JBT Marel Stock Down 0.2%

Shares of NYSE:JBTM opened at $140.99 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $7.33 billion, a P/E ratio of -62.94, a P/E/G ratio of 1.65 and a beta of 1.01. JBT Marel Corporation has a 52-week low of $90.08 and a 52-week high of $148.76. The stock’s fifty day simple moving average is $137.09 and its 200-day simple moving average is $133.08.

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.43. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $936.75 million. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The company’s 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, equities research analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

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

JBT Marel 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.