Susquehanna Fundamental Investments LLC increased its position in JBT Marel Corporation (NYSE:JBTM – Free Report) by 79.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,502 shares of the company’s stock after purchasing an additional 37,499 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.16% of JBT Marel worth $12,253,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in JBT Marel during the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC bought a new stake in JBT Marel in the second quarter valued at approximately $28,000. First Trust Advisors LP acquired a new stake in shares of JBT Marel in the second quarter valued at approximately $4,285,000. Amundi acquired a new stake in shares of JBT Marel in the second quarter valued at approximately $974,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of JBT Marel during the 2nd quarter worth approximately $1,173,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
JBTM has been the topic of a number of recent analyst reports. KeyCorp assumed coverage on JBT Marel in a report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 target price on the stock. Seaport Research Partners set a $165.00 price objective on shares of JBT Marel in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Oppenheimer initiated coverage on shares of JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price objective on the stock. Finally, Weiss Ratings cut shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, JBT Marel has an average rating of “Moderate Buy” and a consensus target price of $168.50.
JBT Marel Stock Performance
NYSE:JBTM opened at $118.18 on Monday. The stock has a market cap of $6.13 billion, a P/E ratio of 32.20, a PEG ratio of 1.31 and a beta of 0.94. The stock has a 50 day simple moving average of $131.53 and a 200 day simple moving average of $134.39. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. JBT Marel Corporation has a 1-year low of $113.23 and a 1-year high of $170.19.
JBT Marel (NYSE:JBTM – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). The firm had revenue of $981.00 million during the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Research analysts anticipate that JBT Marel Corporation will post 8.04 earnings per share for the current year.
JBT Marel Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, August 17th. JBT Marel’s payout ratio is presently 10.90%.
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.
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