JBT Marel Corporation $JBTM Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC trimmed its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 21.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 264,986 shares of the company’s stock after selling 70,421 shares during the quarter. TimesSquare Capital Management LLC owned about 0.51% of JBT Marel worth $39,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Corp acquired a new stake in shares of JBT Marel during the 3rd quarter worth approximately $27,000. UMB Bank n.a. acquired a new stake in shares of JBT Marel during the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC acquired a new stake in shares of JBT Marel during the 2nd quarter worth approximately $28,000. CI Investments Inc. raised its position in shares of JBT Marel by 69.2% during the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JBT Marel during the 2nd quarter worth approximately $29,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Brian A. Deck sold 10,000 shares of JBT Marel stock in a transaction 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 transaction, the chief executive officer directly owned 136,301 shares in the company, valued at approximately $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 can be accessed through this link. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

JBT Marel Stock Up 1.1%

JBTM opened at $126.84 on Tuesday. JBT Marel Corporation has a 12 month low of $111.07 and a 12 month high of $170.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61. The stock has a market cap of $6.60 billion, a P/E ratio of 39.64, a P/E/G ratio of 1.32 and a beta of 0.92. The stock’s 50 day moving average price is $130.55 and its 200 day moving average price is $143.83.

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

JBT Marel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, May 26th. JBT Marel’s dividend payout ratio (DPR) is currently 12.50%.

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.