Bessemer Group Inc. Boosts Stock Position in JBT Marel Corporation $JBTM

Bessemer Group Inc. lifted its position in JBT Marel Corporation (NYSE:JBTM) by 127.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 386,767 shares of the company’s stock after purchasing an additional 216,602 shares during the quarter. Bessemer Group Inc.’s holdings in JBT Marel were worth $58,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBTM. Alliancebernstein L.P. purchased a new position in shares of JBT Marel in the 2nd quarter worth about $135,854,000. Gildi lifeyrissjodur purchased a new stake in JBT Marel during the 4th quarter valued at about $170,862,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in JBT Marel during the 2nd quarter valued at about $77,963,000. P2 Capital Partners LLC purchased a new stake in JBT Marel during the 2nd quarter valued at about $65,536,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in JBT Marel during the 2nd quarter valued at about $63,931,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Zacks Research cut JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings upgraded JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.50.

JBT Marel Trading Down 0.4%

Shares of JBTM stock opened at $125.21 on Friday. The stock has a market capitalization of $6.52 billion, a PE ratio of 39.13, a P/E/G ratio of 1.32 and a beta of 0.92. JBT Marel Corporation has a 1-year low of $111.07 and a 1-year high of $170.19. The business has a 50-day moving average of $131.07 and a 200 day moving average of $143.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61.

JBT Marel (NYSE:JBTM) last released its quarterly earnings results on Monday, May 4th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The business had revenue of $936.00 million during the quarter. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, sell-side analysts anticipate that JBT Marel Corporation will post 8.24 earnings per share for the current year.

JBT Marel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s dividend payout ratio is presently 12.50%.

Insider Buying and Selling

In other JBT Marel news, CEO Brian A. Deck sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $151.39, for a total transaction of $1,513,900.00. Following the completion of the transaction, the chief executive officer owned 136,301 shares of the company’s stock, valued at $20,634,608.39. This represents a 6.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.64% of the stock is owned by 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.