HighTower Advisors LLC Buys 33,813 Shares of JBT Marel Corporation $JBTM

HighTower Advisors LLC boosted its stake in JBT Marel Corporation (NYSE:JBTM) by 610.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 39,348 shares of the company’s stock after purchasing an additional 33,813 shares during the quarter. HighTower Advisors LLC’s holdings in JBT Marel were worth $5,929,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. bought a new stake in JBT Marel in the third quarter valued at $27,000. CI Investments Inc. boosted its holdings in shares of JBT Marel by 69.2% during the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. Group One Trading LLC boosted its holdings in shares of JBT Marel by 49.3% during the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after buying an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel during the 2nd quarter valued at $28,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of JBT Marel during the 2nd quarter valued at $29,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Stock Performance

Shares of JBTM stock opened at $134.41 on Thursday. The company’s fifty day moving average price is $129.39 and its 200-day moving average price is $143.81. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32. The stock has a market cap of $7.00 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92. JBT Marel Corporation has a 12 month low of $111.97 and a 12 month high of $170.19.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.09. The firm 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%.JBT Marel’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, equities analysts expect that JBT Marel Corporation will post 8.26 EPS for the current fiscal year.

JBT Marel Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Oppenheimer assumed coverage on shares of JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 target price on the stock. Weiss Ratings upgraded shares of JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Zacks Research cut shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

Insider Activity

In other news, CEO Brian A. Deck sold 10,000 shares of JBT Marel 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 of the company’s stock, valued at $20,634,608.39. The trade was a 6.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

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.