Corient Private Wealth LP Purchases New Holdings in JBT Marel Corporation $JBTM

Corient Private Wealth LP purchased a new position in shares of JBT Marel Corporation (NYSE:JBTM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,213 shares of the company’s stock, valued at approximately $1,771,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of JBT Marel during the 2nd quarter worth $1,150,221,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in JBT Marel by 3.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,863,321 shares of the company’s stock worth $280,747,000 after buying an additional 66,940 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in JBT Marel by 19.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,458,953 shares of the company’s stock worth $219,821,000 after buying an additional 233,914 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in JBT Marel by 53.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,317,389 shares of the company’s stock valued at $198,492,000 after buying an additional 458,980 shares during the period. Finally, Geode Capital Management LLC increased its holdings in JBT Marel by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,246,584 shares of the company’s stock valued at $187,855,000 after buying an additional 8,291 shares during the period. 98.92% of the stock is currently owned by institutional investors.

JBT Marel Trading Up 1.3%

JBTM opened at $117.54 on Friday. The company has a market cap of $6.10 billion, a P/E ratio of 32.03, a PEG ratio of 1.28 and a beta of 0.92. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $130.20 and its 200-day moving average is $133.04. JBT Marel Corporation has a 1-year low of $113.23 and a 1-year high of $170.19.

JBT Marel (NYSE:JBTM) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). The company had revenue of $981.00 million for the quarter. JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Equities research analysts predict that JBT Marel Corporation will post 8.04 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio is 10.90%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings cut shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Seaport Research Partners set a $165.00 price objective on shares of JBT Marel in a research note on Thursday, May 21st. KeyCorp began coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price objective for the company. Wall Street Zen cut JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Finally, Oppenheimer initiated coverage on JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, JBT Marel presently has an average rating of “Moderate Buy” and an average price target of $168.50.

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.