JBT Marel Corporation $JBTM Position Raised by Royce & Associates LP

Royce & Associates LP raised its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,588 shares of the company’s stock after purchasing an additional 28,335 shares during the period. JBT Marel accounts for about 1.0% of Royce & Associates LP’s portfolio, making the stock its 3rd biggest position. Royce & Associates LP’s holdings in JBT Marel were worth $100,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JBTM. Alliancebernstein L.P. purchased a new stake in JBT Marel during the second quarter valued at approximately $135,854,000. Gildi lifeyrissjodur purchased a new stake in JBT Marel during the fourth quarter valued at approximately $170,862,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in JBT Marel during the second quarter valued at approximately $77,963,000. P2 Capital Partners LLC purchased a new stake in JBT Marel during the second quarter valued at approximately $65,536,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in JBT Marel during the second quarter valued at approximately $63,931,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JBT Marel

In other news, CEO Brian A. Deck sold 8,634 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was 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 in the company, valued at approximately $19,215,160.17. This represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on JBTM shares. Oppenheimer started coverage on JBT Marel in a research report on Thursday. They set an “outperform” rating and a $175.00 price objective on the stock. Zacks Research downgraded JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Seaport Research Partners set a $165.00 price objective on JBT Marel in a research report on Thursday. Finally, Weiss Ratings upgraded JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, JBT Marel has a consensus rating of “Moderate Buy” and an average price target of $174.67.

JBT Marel Trading Up 0.1%

Shares of NYSE JBTM opened at $132.11 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 1.01. The business’s 50 day moving average price is $129.18 and its 200-day moving average price is $143.90. JBT Marel Corporation has a fifty-two week low of $111.07 and a fifty-two week high of $170.19. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 1.38 and a beta of 0.92.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings results on Monday, May 4th. The company reported $1.58 earnings per share for the quarter, topping 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 previous year, the company posted $0.97 earnings per share. The company’s quarterly 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. On average, sell-side analysts expect that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Dividend Announcement

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