Granahan Investment Management LLC Sells 17,202 Shares of JBT Marel Corporation $JBTM

Granahan Investment Management LLC reduced its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 21.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,365 shares of the company’s stock after selling 17,202 shares during the period. Granahan Investment Management LLC owned about 0.12% of JBT Marel worth $8,900,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JBTM. Geode Capital Management LLC bought a new stake in shares of JBT Marel in the 2nd quarter worth approximately $141,026,000. Alliancebernstein L.P. bought a new position in JBT Marel during the second quarter valued at $135,854,000. Champlain Investment Partners LLC bought a new position in JBT Marel during the second quarter valued at $85,029,000. Bamco Inc. NY purchased a new stake in JBT Marel in the second quarter worth $84,182,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in JBT Marel in the second quarter worth $77,963,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Insider Buying and Selling

In other JBT Marel news, CEO Brian A. Deck sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $151.39, for a total value of $1,513,900.00. Following the completion of the transaction, the chief executive officer owned 136,301 shares in the company, valued at $20,634,608.39. This trade represents a 6.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JBTM has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Jefferies Financial Group raised JBT Marel from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $150.00 to $180.00 in a report on Wednesday, December 10th. Finally, Zacks Research upgraded JBT Marel from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, JBT Marel has an average rating of “Buy” and a consensus price target of $174.50.

JBT Marel Stock Down 4.2%

JBT Marel stock opened at $129.57 on Monday. JBT Marel Corporation has a 1-year low of $90.08 and a 1-year high of $170.19. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of -128.28, a P/E/G ratio of 1.37 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $157.09 and a 200 day simple moving average of $146.55.

JBT Marel (NYSE:JBTM) last posted its earnings results on Monday, February 23rd. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.06. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The firm had revenue of $1.01 billion for the quarter. During the same quarter in the prior year, the company earned $1.70 EPS. The company’s revenue was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, analysts predict that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s dividend payout ratio is -39.60%.

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.