WCM Investment Management LLC Purchases Shares of 6,494 JBT Marel Corporation $JBTM

WCM Investment Management LLC acquired a new stake in JBT Marel Corporation (NYSE:JBTM) during the first quarter, Holdings Channel reports. The institutional investor acquired 6,494 shares of the company’s stock, valued at approximately $797,000.

A number of other hedge funds have also modified their holdings of JBTM. Eurizon Capital SGR S.p.A. purchased a new stake in JBT Marel in the fourth quarter valued at approximately $25,000. Group One Trading LLC raised its position in JBT Marel by 49.3% during the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after buying an additional 72 shares during the last quarter. Parallel Advisors LLC lifted its stake in JBT Marel by 1,211.8% during the 1st quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $29,000 after acquiring an additional 206 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in JBT Marel during the 2nd quarter valued at approximately $28,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of JBT Marel in the 2nd quarter valued at $29,000. 98.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Oppenheimer initiated coverage on JBT Marel in a research note on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective for the company. Weiss Ratings cut JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Seaport Research Partners set a $165.00 target price on JBT Marel in a research note on Thursday, May 21st. Finally, Wall Street Zen downgraded JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, JBT Marel currently has a consensus rating of “Moderate Buy” and an average target price of $174.67.

JBT Marel Stock Performance

JBTM opened at $132.36 on Wednesday. The firm has a fifty day moving average price of $132.88 and a 200 day moving average price of $140.69. JBT Marel Corporation has a 1 year low of $113.67 and a 1 year high of $170.19. The stock has a market cap of $6.89 billion, a P/E ratio of 41.36, a P/E/G ratio of 1.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61.

JBT Marel (NYSE:JBTM) last released its quarterly earnings results on Monday, May 4th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.49 by $0.09. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. The company had revenue of $936.00 million for the quarter. During the same quarter in the prior year, the business posted $0.97 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities research analysts anticipate that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is 12.50%.

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.