Lisanti Capital Growth LLC Has $6.82 Million Holdings in JBT Marel Corporation $JBTM

Lisanti Capital Growth LLC grew its position in shares of JBT Marel Corporation (NYSE:JBTM) by 175.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,577 shares of the company’s stock after buying an additional 30,912 shares during the quarter. JBT Marel makes up about 1.7% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 11th biggest position. Lisanti Capital Growth LLC owned 0.09% of JBT Marel worth $6,823,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JBTM. Diversified Trust Co acquired a new stake in JBT Marel in the third quarter worth about $1,061,000. Confluence Investment Management LLC acquired a new position in JBT Marel during the 3rd quarter valued at about $12,034,000. Squarepoint Ops LLC boosted its stake in shares of JBT Marel by 344.1% in the 2nd quarter. Squarepoint Ops LLC now owns 37,889 shares of the company’s stock valued at $4,557,000 after purchasing an additional 29,358 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of JBT Marel during the 2nd quarter worth approximately $2,292,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of JBT Marel during the 3rd quarter worth approximately $1,870,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Stock Down 0.6%

Shares of NYSE JBTM opened at $157.57 on Friday. JBT Marel Corporation has a 52-week low of $90.08 and a 52-week high of $160.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.53 and a current ratio of 0.93. The stock has a market cap of $8.19 billion, a P/E ratio of -70.34, a P/E/G ratio of 1.55 and a beta of 1.00. The firm has a 50 day moving average price of $151.74 and a 200 day moving average price of $142.30.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.43. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $936.75 million. JBT Marel’s quarterly revenue was up 120.6% on a year-over-year basis. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. Analysts expect that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, December 15th. JBT Marel’s dividend payout ratio is -17.86%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JBTM shares. Robert W. Baird set a $169.00 price objective on shares of JBT Marel in a report on Friday, October 3rd. Jefferies Financial Group raised JBT Marel from a “hold” rating to a “buy” rating and increased their price target for the company from $150.00 to $180.00 in a research note on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.50.

Insider Activity at JBT Marel

In other news, Director Olafur S. Gudmundsson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $150.09, for a total transaction of $1,500,900.00. Following the sale, the director owned 9,980 shares of the company’s stock, valued at $1,497,898.20. This trade represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

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.