Bank of New York Mellon Corp Makes New $51.60 Million Investment in JBT Marel Corporation $JBTM

Key Points

• Bank of New York Mellon bought 355,843 shares of JBT Marel worth approximately $51.6 million, giving it a 0.68% stake. Institutional investors now own 98.92% of the company.
• Analysts maintain a generally positive outlook, with three Buy ratings and two Holds; the stock has a “Moderate Buy” consensus rating and a $168.50 average price target.
• JBT Marel reported quarterly EPS of $1.95, below the $2.02 consensus estimate, on $981 million in revenue. Shares opened at $118.03, while the company declared a quarterly dividend of $0.10 per share.

Bank of New York Mellon Corp bought a new position in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 355,843 shares of the company's stock, valued at approximately $51,597,000. Bank of New York Mellon Corp owned 0.68% of JBT Marel as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alliancebernstein L.P. bought a new position in JBT Marel in the second quarter worth approximately $135,854,000. Gildi lifeyrissjodur purchased a new stake in shares of JBT Marel in the 4th quarter worth $170,862,000. Norges Bank purchased a new stake in shares of JBT Marel in the 4th quarter worth $98,435,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of JBT Marel during the 2nd quarter worth $77,963,000. Finally, P2 Capital Partners LLC bought a new position in shares of JBT Marel during the 2nd quarter worth $65,536,000. Institutional investors own 98.92% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on JBTM shares. Wall Street Zen downgraded JBT Marel from a "buy" rating to a "hold" rating in a report on Sunday, June 21st. Oppenheimer initiated coverage on shares of JBT Marel in a report on Thursday, May 21st. They set an "outperform" rating and a $175.00 target price on the stock. 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. KeyCorp began coverage on shares of JBT Marel in a report on Tuesday. They issued an "overweight" rating and a $150.00 price target for the company. Finally, Seaport Research Partners set a $165.00 price target on shares of JBT Marel in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $168.50.

JBT Marel Price Performance

JBTM opened at $118.03 on Friday. The business's 50-day moving average is $131.83 and its two-hundred day moving average is $134.73. 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 has a market capitalization of $6.12 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

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

JBT Marel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors 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 yield of 0.3%. JBT Marel's dividend payout ratio 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.

Want to see what other hedge funds are holding JBTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JBT Marel Corporation (NYSE:JBTM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.