JBT Marel (NYSE:JBTM) Reaches New 12-Month Low – Here’s Why

JBT Marel Corporation (NYSE:JBTM)’s share price reached a new 52-week low on Wednesday. The company traded as low as $104.36 and last traded at $104.6460, with a volume of 220245 shares changing hands. The stock had previously closed at $108.69.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JBTM. Robert W. Baird reduced their price target on shares of JBT Marel from $188.00 to $171.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. KeyCorp assumed coverage on shares of JBT Marel in a research note on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price target on the stock. Barclays started coverage on shares of JBT Marel in a report on Tuesday, September 8th. They set an “overweight” rating and a $150.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of JBT Marel in a research report on Wednesday, September 2nd. Finally, Wall Street Zen lowered JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $165.20.

JBT Marel Stock Performance

The business has a fifty day moving average of $115.93 and a 200 day moving average of $126.36. The company has a market cap of $5.49 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.15 and a beta of 0.94. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.37.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.07). The company had revenue of $981.00 million for 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. On average, equities analysts predict that JBT Marel Corporation will post 8.04 EPS for the current year.

JBT Marel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 17th. JBT Marel’s dividend payout ratio is 10.90%.

Institutional Investors Weigh In On JBT Marel

Institutional investors and hedge funds have recently made changes to their positions in the company. Cim Investment Management Inc. raised its position in JBT Marel by 7.4% in the second quarter. Cim Investment Management Inc. now owns 2,310 shares of the company’s stock worth $335,000 after acquiring an additional 159 shares in the last quarter. Parallel Advisors LLC boosted its position in JBT Marel by 1,211.8% during the first quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock worth $29,000 after purchasing an additional 206 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of JBT Marel by 8.2% in the first quarter. NewEdge Advisors LLC now owns 2,929 shares of the company’s stock valued at $375,000 after purchasing an additional 223 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of JBT Marel by 7.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,356 shares of the company’s stock worth $432,000 after acquiring an additional 235 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in shares of JBT Marel by 9.5% during the 1st quarter. Personal CFO Solutions LLC now owns 2,868 shares of the company’s stock worth $367,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 98.92% of the company’s stock.

About JBT Marel

JBT Marel Corporation (NYSE:JBTM) is a global food and beverage technology company formed through the combination of JBT Corporation and Marel. The company develops equipment, integrated processing lines and software designed to help food producers automate operations, improve productivity and support food safety and sustainability.

Its products and services serve a broad range of food-processing markets, including poultry, meat, seafood, prepared foods, fruit and vegetables, dairy and pet food.