Bamco Inc. NY Buys Shares of 660,557 JBT Marel Corporation $JBTM

Key Points

• Bamco Inc. NY bought 660,557 shares of JBT Marel in the second quarter, valued at approximately $95.8 million and representing about 1.27% of the company. Institutional investors collectively own 98.92% of the stock.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $168.50, despite some rating downgrades. Recent targets range from $150 to $175.
• JBT Marel reported quarterly EPS of $1.95, below the $2.02 consensus estimate, on $981 million in revenue. The company declared a quarterly dividend of $0.10 per share, equal to a 0.3% annualized yield.

Bamco Inc. NY purchased a new position in JBT Marel Corporation (NYSE:JBTM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 660,557 shares of the company's stock, valued at approximately $95,781,000. Bamco Inc. NY owned approximately 1.27% of JBT Marel at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JBTM. Walleye Capital LLC purchased a new position in JBT Marel during the second quarter worth approximately $3,953,000. Bank of America Corp DE boosted its stake in JBT Marel by 2.3% during the first quarter. Bank of America Corp DE now owns 466,741 shares of the company's stock worth $59,682,000 after buying an additional 10,714 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in JBT Marel by 9,103.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company's stock valued at $3,522,000 after buying an additional 23,122 shares in the last quarter. Bessemer Group Inc. grew its holdings in JBT Marel by 127.3% in the 4th quarter. Bessemer Group Inc. now owns 386,767 shares of the company's stock valued at $58,275,000 after buying an additional 216,602 shares in the last quarter. Finally, Gildi lifeyrissjodur acquired a new stake in shares of JBT Marel in the 4th quarter worth $170,862,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JBTM has been the subject of several recent analyst reports. Wall Street Zen cut shares of JBT Marel from a "buy" rating to a "hold" rating in a research report on Sunday, June 21st. Weiss Ratings lowered shares of 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 price target on shares of JBT Marel in a research note on Thursday, May 21st. Oppenheimer assumed coverage on shares of JBT Marel in a report on Thursday, May 21st. They set an "outperform" rating and a $175.00 price target for the company. Finally, KeyCorp assumed coverage on shares of JBT Marel in a research report on Tuesday. They set an "overweight" rating and a $150.00 price target on the stock. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.50.

JBT Marel Stock Up 2.0%

Shares of NYSE:JBTM opened at $120.26 on Thursday. The firm has a market capitalization of $6.24 billion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. 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. The firm's 50-day moving average is $132.12 and its two-hundred day moving average is $135.09.

JBT Marel (NYSE:JBTM - Get Free Report) last announced its quarterly earnings data 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). JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. The business had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Analysts predict that JBT Marel Corporation will post 8.05 EPS for the current year.

JBT Marel Dividend Announcement

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

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