Ewing Morris & Co. Investment Partners Ltd. Sells 10,200 Shares of JBT Marel Corporation $JBTM

Ewing Morris & Co. Investment Partners Ltd. decreased its holdings in JBT Marel Corporation (NYSE:JBTM) by 27.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,451 shares of the company’s stock after selling 10,200 shares during the period. JBT Marel comprises approximately 2.0% of Ewing Morris & Co. Investment Partners Ltd.’s investment portfolio, making the stock its 16th biggest holding. Ewing Morris & Co. Investment Partners Ltd.’s holdings in JBT Marel were worth $3,835,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. UMB Bank n.a. increased its holdings in shares of JBT Marel by 34.4% during the 4th quarter. UMB Bank n.a. now owns 254 shares of the company’s stock worth $38,000 after acquiring an additional 65 shares during the last quarter. Main Management ETF Advisors LLC lifted its holdings in JBT Marel by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 7,047 shares of the company’s stock valued at $1,062,000 after purchasing an additional 72 shares during the last quarter. Group One Trading LLC lifted its holdings in 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. Redmond Asset Management LLC lifted its holdings in JBT Marel by 1.3% during the 4th quarter. Redmond Asset Management LLC now owns 7,788 shares of the company’s stock valued at $1,173,000 after purchasing an additional 101 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in JBT Marel by 7.5% during the fourth quarter. Sanctuary Advisors LLC now owns 1,613 shares of the company’s stock worth $243,000 after purchasing an additional 113 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.

JBT Marel Stock Performance

JBTM opened at $116.14 on Thursday. The business has a fifty day simple moving average of $130.60 and a 200 day simple moving average of $133.37. The company has a market capitalization of $6.03 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92. JBT Marel Corporation has a 1 year low of $113.23 and a 1 year high of $170.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.70.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.07). The firm had revenue of $981.00 million for the quarter. JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Research analysts expect that JBT Marel Corporation will post 8.04 EPS for the current year.

JBT Marel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a $0.10 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio is 10.90%.

Analysts Set New Price Targets

JBTM has been the topic of several research reports. Wall Street Zen downgraded shares of JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. KeyCorp assumed coverage on shares of JBT Marel in a research note on Tuesday, August 25th. They set an “overweight” rating and a $150.00 target price for the company. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a report on Thursday, May 21st. Weiss Ratings lowered shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Finally, Oppenheimer assumed coverage on shares of JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.50.

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.