Renaissance Technologies LLC Sells 75,200 Shares of JBT Marel Corporation $JBTM

Renaissance Technologies LLC lowered its position in JBT Marel Corporation (NYSE:JBTM) by 64.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,500 shares of the company’s stock after selling 75,200 shares during the quarter. Renaissance Technologies LLC’s holdings in JBT Marel were worth $5,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

JBT Marel Price Performance

Shares of JBT Marel stock opened at $121.95 on Thursday. The firm has a market cap of $6.35 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 1.40 and a beta of 0.94. JBT Marel Corporation has a 12-month low of $113.67 and a 12-month high of $170.19. The company has a quick ratio of 0.61, a current ratio of 1.24 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $134.70 and its two-hundred day simple moving average is $139.30.

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 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. As a group, equities analysts expect that JBT Marel Corporation will post 8.2 EPS for the current year.

JBT Marel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s dividend payout ratio is presently 10.90%.

Wall Street Analysts Forecast Growth

JBTM has been the topic of a number of analyst reports. 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. Wall Street Zen cut JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Seaport Research Partners set a $165.00 price objective on JBT Marel in a report on Thursday, May 21st. Zacks Research downgraded JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Oppenheimer began coverage on JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price for the company. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.67.

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.