274,627 Shares in JBT Marel Corporation $JBTM Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 274,627 shares of the company’s stock, valued at approximately $39,821,000.

Other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in JBT Marel by 3.7% in 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 acquiring an additional 66,940 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of JBT Marel by 19.1% in 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 acquiring an additional 233,914 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of JBT Marel by 53.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,317,389 shares of the company’s stock valued at $198,492,000 after acquiring an additional 458,980 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of JBT Marel by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,246,584 shares of the company’s stock valued at $187,855,000 after acquiring an additional 8,291 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new position in shares of JBT Marel in the 2nd quarter worth about $135,854,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. 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 began coverage on shares of JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price for the company. Weiss Ratings downgraded shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Finally, Seaport Research Partners set a $165.00 price target on shares of JBT Marel in a report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $174.67.

JBT Marel Trading Down 1.2%

NYSE:JBTM opened at $118.74 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. JBT Marel Corporation has a 12 month low of $113.67 and a 12 month high of $170.19. The company has a market cap of $6.16 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a 50 day simple moving average of $133.37 and a two-hundred day simple moving average of $137.27.

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, August 3rd. The company reported $1.95 earnings per share 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 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. Research analysts forecast that JBT Marel Corporation will post 8.05 earnings per share for the current year.

JBT Marel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, August 17th. JBT Marel’s dividend payout ratio is 10.90%.

JBT Marel Company 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.