Deroy & Devereaux Private Investment Counsel Inc. Acquires 36,050 Shares of JBT Marel Corporation $JBTM

Key Points

• Deroy & Devereaux increased its JBT Marel stake by 9.6% in the third quarter, adding 36,050 shares to own 413,255 shares valued at approximately $43.6 million. Institutional investors and hedge funds collectively own 98.92% of the company.
• JBT Marel shares opened at $108.72, near the lower end of their 52-week range of $102.97 to $170.19. The company recently reported quarterly EPS of $1.95, below the $2.02 consensus estimate, on revenue of $981 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $165.20, while JBT Marel offers a quarterly dividend of $0.10 per share, equivalent to a 0.4% annual yield.

Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) by 9.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 413,255 shares of the company's stock after purchasing an additional 36,050 shares during the period. JBT Marel makes up approximately 1.9% of Deroy & Devereaux Private Investment Counsel Inc.'s investment portfolio, making the stock its 7th largest holding. Deroy & Devereaux Private Investment Counsel Inc. owned 0.80% of JBT Marel worth $43,636,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of JBT Marel by 1,211.8% during the first quarter. Parallel Advisors LLC now owns 223 shares of the company's stock valued at $29,000 after acquiring an additional 206 shares during the period. Transamerica Financial Advisors LLC acquired a new stake in JBT Marel in the second quarter worth approximately $41,000. Public Employees Retirement System of Ohio bought a new position in JBT Marel during the 2nd quarter valued at $50,000. Northwestern Mutual Wealth Management Co. bought a new position in JBT Marel during the 2nd quarter valued at $51,000. Finally, State of Wyoming acquired a new position in shares of JBT Marel during the 2nd quarter valued at $75,000. 98.92% of the stock is owned by institutional investors and hedge funds.

JBT Marel Trading Up 0.1%

Shares of NYSE:JBTM opened at $108.72 on Tuesday. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 1.20 and a beta of 0.94. JBT Marel Corporation has a 1-year low of $102.97 and a 1-year high of $170.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24. The company has a 50 day moving average price of $111.55 and a 200 day moving average price of $132.22.

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

JBT Marel Dividend Announcement

The business also recently announced 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 payout ratio is 10.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JBTM. KeyCorp initiated coverage on JBT Marel in a research note on Tuesday, August 25th. They issued an "overweight" rating and a $150.00 price objective on the stock. Barclays assumed coverage on JBT Marel in a research note on Tuesday, September 8th. They set an "overweight" rating and a $150.00 target price for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of JBT Marel in a research note on Wednesday, September 2nd. Finally, Robert W. Baird lowered their target price on JBT Marel from $188.00 to $171.00 and set an "outperform" rating on the stock in a report on Thursday, September 24th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, JBT Marel currently has a consensus rating of "Moderate Buy" and an average price target of $165.20.

JBT Marel Profile

JBT Marel Corporation NYSE: JBTM is a global food processing technology company formed through the combination of JBT Corporation and Marel. The company develops, manufactures and services equipment, integrated production lines and software used throughout the food industry, from primary processing to packaging and related automation.

Its products and solutions support the processing of poultry, meat, fish, prepared foods, pet food, plant-based products, fruits and vegetables, and other food categories.

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.