Nomura Holdings Inc. Purchases Shares of 93,377 JBT Marel Corporation $JBTM

Nomura Holdings Inc. acquired a new position in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 93,377 shares of the company’s stock, valued at approximately $11,230,000. Nomura Holdings Inc. owned about 0.18% of JBT Marel at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Truist Financial Corp bought a new stake in JBT Marel in the 2nd quarter worth about $2,292,000. Vontobel Holding Ltd. purchased a new position in shares of JBT Marel in the 2nd quarter worth approximately $389,000. Yousif Capital Management LLC bought a new position in shares of JBT Marel in the second quarter valued at approximately $2,104,000. Envestnet Asset Management Inc. purchased a new stake in shares of JBT Marel during the second quarter valued at approximately $29,873,000. Finally, Thematics Asset Management bought a new stake in JBT Marel during the second quarter worth $25,080,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JBTM. Robert W. Baird set a $169.00 price objective on JBT Marel in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and raised their price objective for the stock from $150.00 to $180.00 in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.00.

Insider Buying and Selling

In related news, Director Olafur S. Gudmundsson sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $141.79, for a total value of $2,835,800.00. Following the completion of the transaction, the director directly owned 19,980 shares of the company’s stock, valued at approximately $2,832,964.20. This trade represents a 50.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

JBT Marel Stock Down 0.6%

Shares of NYSE JBTM opened at $154.60 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.93 and a quick ratio of 0.53. The stock has a market capitalization of $8.03 billion, a PE ratio of -69.02, a P/E/G ratio of 1.81 and a beta of 1.00. JBT Marel Corporation has a one year low of $90.08 and a one year high of $156.46. The business’s fifty day moving average price is $137.77 and its 200-day moving average price is $134.37.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.43. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $936.75 million. JBT Marel had a positive return on equity of 7.88% and a negative net margin of 3.39%.JBT Marel’s quarterly revenue was up 120.6% compared to the same quarter last year. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. On average, equities research analysts anticipate that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 15th. JBT Marel’s dividend payout ratio is presently -17.86%.

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.