Bank of America Corp DE Takes Position in JBT Marel Corporation $JBTM

Key Points

• Bank of America acquired 421,966 shares of JBT Marel in the second quarter, worth approximately $61.2 million and representing about 0.81% of the company. Institutional investors collectively own 98.92% of the stock.
• JBT Marel’s shares opened at $109.75, near their 12-month low of $109.22, after the company reported quarterly earnings of $1.95 per share—below analyst expectations of $2.02—on revenue of $981 million.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $164.80. The company also maintains a quarterly dividend of $0.10 per share, yielding 0.4% annually.

Bank of America Corp DE bought a new position in JBT Marel Corporation (NYSE:JBTM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 421,966 shares of the company's stock, valued at approximately $61,185,000. Bank of America Corp DE owned about 0.81% of JBT Marel at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Freestone Grove Partners LP bought a new position in shares of JBT Marel during the 2nd quarter valued at approximately $417,000. Man Group plc purchased a new position in shares of JBT Marel in the 2nd quarter worth $3,299,000. Jupiter Topco LLC bought a new stake in shares of JBT Marel in the 2nd quarter worth about $3,376,000. Hsbc Holdings PLC bought a new stake in shares of JBT Marel in the 2nd quarter worth about $6,615,000. Finally, Legal & General Group Plc bought a new stake in shares of JBT Marel in the 2nd quarter worth about $45,764,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

JBT Marel Trading Down 0.2%

NYSE JBTM opened at $109.75 on Monday. The company's 50-day moving average price is $123.83 and its 200-day moving average price is $129.37. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a market cap of $5.69 billion, a PE ratio of 29.91, a PEG ratio of 1.21 and a beta of 0.92. JBT Marel Corporation has a 12 month low of $109.22 and a 12 month high of $170.19.

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 company had revenue of $981.00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Equities research analysts forecast that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. JBT Marel's dividend payout ratio is presently 10.90%.

Wall Street Analyst Weigh In

Several research firms recently commented on JBTM. Barclays initiated coverage on JBT Marel in a research report on Tuesday, September 8th. They issued an "overweight" rating and a $150.00 price target for the company. KeyCorp started coverage on JBT Marel in a research note on Tuesday, August 25th. They issued an "overweight" rating and a $150.00 price objective for the company. Wall Street Zen lowered JBT Marel from a "buy" rating to a "hold" rating in a research note on Sunday, June 21st. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of JBT Marel in a report on Wednesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $164.80.

About JBT Marel

JBT Marel Corporation is a global food technology company that develops equipment, systems and services for the processing, preparation, packaging and handling of food and beverages. Its solutions are used by food producers, processors and manufacturers across the poultry, meat, seafood, prepared foods, fruit and vegetables, pet food, dairy and beverage industries.

The company's portfolio includes systems for portioning, weighing, sorting, grading, marinating, cooking, freezing, filling, packaging and automated material handling.

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