NFJ Investment Group LLC Sells 6,012 Shares of JBT Marel Corporation $JBTM

NFJ Investment Group LLC lessened its stake in JBT Marel Corporation (NYSE:JBTM) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,559 shares of the company’s stock after selling 6,012 shares during the period. NFJ Investment Group LLC owned about 0.13% of JBT Marel worth $10,480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of JBTM. Eurizon Capital SGR S.p.A. bought a new stake in shares of JBT Marel in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel in the 2nd quarter valued at about $28,000. CI Investments Inc. lifted its stake in shares of JBT Marel by 69.2% in the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after acquiring an additional 83 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of JBT Marel in the 2nd quarter valued at about $29,000. Finally, Group One Trading LLC lifted its stake in shares of JBT Marel by 49.3% in the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after acquiring an additional 72 shares during the last quarter. Institutional investors own 98.92% of the company’s stock.

Analysts Set New Price Targets

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

JBT Marel Trading Up 1.7%

JBTM opened at $125.22 on Friday. JBT Marel Corporation has a one year low of $113.67 and a one year high of $170.19. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 1.32 and a beta of 0.95. The business has a 50 day simple moving average of $128.97 and a two-hundred day simple moving average of $142.85. 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 announced its earnings results on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.09. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The firm had revenue of $936.00 million during the quarter. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Analysts predict that JBT Marel Corporation will post 8.26 EPS for the current year.

JBT Marel Announces Dividend

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

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.