Bank of America Corp DE Buys 10,714 Shares of JBT Marel Corporation $JBTM

Key Points

• Bank of America increased its JBT Marel stake by 2.3%, purchasing 10,714 additional shares to hold 466,741 shares valued at approximately $59.7 million. Institutional investors collectively own 98.92% of the company.
• JBT Marel’s shares opened at $121.53, down 1.3%, after the company reported quarterly EPS of $1.95—below the $2.02 analyst consensus—on revenue of $981 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $174.67, while JBT Marel declared a quarterly dividend of $0.10 per share, representing a 0.3% yield.

Bank of America Corp DE increased its holdings in JBT Marel Corporation (NYSE:JBTM - Free Report) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 466,741 shares of the company's stock after purchasing an additional 10,714 shares during the quarter. Bank of America Corp DE owned 0.90% of JBT Marel worth $59,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in JBT Marel in the 2nd quarter worth $29,000. EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel in the second quarter worth about $28,000. First Trust Advisors LP purchased a new position in JBT Marel during the 2nd quarter valued at about $4,285,000. Amundi purchased a new position in JBT Marel during the 2nd quarter valued at about $974,000. Finally, Gamco Investors INC. ET AL bought a new position in JBT Marel during the 2nd quarter valued at approximately $1,173,000. 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 commented on JBTM shares. Wall Street Zen downgraded JBT Marel from a "buy" rating to a "hold" rating in a report on Sunday, June 21st. Seaport Research Partners set a $165.00 price target on shares of JBT Marel in a report on Thursday, May 21st. Weiss Ratings downgraded shares of JBT Marel from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, June 5th. Oppenheimer began coverage on shares of JBT Marel in a report on Thursday, May 21st. They issued an "outperform" rating and a $175.00 price objective for the company. Finally, Zacks Research cut shares of JBT Marel from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.67.

JBT Marel Stock Down 1.3%

Shares of JBT Marel stock opened at $121.53 on Tuesday. JBT Marel Corporation has a 1 year low of $113.67 and a 1 year high of $170.19. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 1.36 and a beta of 0.94. The company has a 50-day moving average of $134.05 and a 200 day moving average of $138.56. 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 - 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 return on equity of 8.75% and a net margin of 4.89%.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. As a group, sell-side analysts anticipate that JBT Marel Corporation will post 8.05 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel's dividend payout ratio (DPR) is presently 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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