BlackRock Inc. bought a new stake in JBT Marel Corporation (NYSE:JBTM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,932,558 shares of the company's stock, valued at approximately $1,150,221,000. BlackRock Inc. owned 15.23% of JBT Marel at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in JBT Marel during the 2nd quarter valued at about $8,537,000. TimesSquare Capital Management LLC acquired a new stake in shares of JBT Marel during the second quarter worth about $39,821,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of JBT Marel during the second quarter worth about $1,243,000. RW Investment Management LLC purchased a new stake in JBT Marel in the second quarter valued at approximately $684,000. Finally, Bank of New York Mellon Corp purchased a new stake in JBT Marel in the second quarter valued at approximately $51,597,000. Hedge funds and other institutional investors own 98.92% of the company's stock.
JBT Marel Stock Performance
JBTM opened at $117.07 on Friday. JBT Marel Corporation has a twelve month low of $113.67 and a twelve month high of $170.19. The firm has a market capitalization of $6.07 billion, a PE ratio of 31.90, a PEG ratio of 1.28 and a beta of 0.94. 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 firm's 50-day moving average price is $132.81 and its 200 day moving average price is $136.24.
JBT Marel (NYSE:JBTM - Get Free Report) last issued its earnings results 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). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.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. As a group, sell-side analysts expect that JBT Marel Corporation will post 8.05 EPS for the current fiscal year.
JBT Marel Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.10 dividend. 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 (DPR) is 10.90%.
Analyst Ratings Changes
Several research firms have commented on JBTM. Wall Street Zen lowered shares of JBT Marel from a "buy" rating to a "hold" rating in a report on Sunday, June 21st. Oppenheimer assumed coverage on JBT Marel in a research note on Thursday, May 21st. They issued an "outperform" rating and a $175.00 target price on the stock. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a report on Thursday, May 21st. Zacks Research cut shares of JBT Marel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of JBT Marel from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, June 5th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $174.67.
Check Out Our Latest Report on JBT Marel
About JBT Marel
(
Free Report)
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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