JBT Marel (NYSE:JBTM) CEO Brian Deck Sells 8,634 Shares of Stock

JBT Marel Corporation (NYSE:JBTM) CEO Brian Deck sold 8,634 shares of JBT Marel stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $150.51, for a total value of $1,299,503.34. Following the sale, the chief executive officer directly owned 127,667 shares of the company’s stock, valued at approximately $19,215,160.17. This trade represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

JBT Marel Stock Performance

Shares of JBT Marel stock opened at $154.87 on Thursday. JBT Marel Corporation has a 12 month low of $90.08 and a 12 month high of $170.19. The stock’s fifty day moving average price is $158.54 and its 200-day moving average price is $146.53. The firm has a market cap of $8.05 billion, a P/E ratio of -153.34, a P/E/G ratio of 1.62 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.

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

JBT Marel Announces Dividend

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 paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. JBT Marel’s dividend payout ratio is -39.60%.

Institutional Investors Weigh In On JBT Marel

Several hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new position in shares of JBT Marel in the 3rd quarter valued at about $25,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of JBT Marel during the 4th quarter worth approximately $25,000. First Horizon Corp purchased a new position in shares of JBT Marel during the 3rd quarter valued at approximately $27,000. UMB Bank n.a. purchased a new stake in JBT Marel during the third quarter worth $27,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of JBT Marel in the second quarter worth about $28,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.