Deutsche Bank AG acquired a new position in JBT Marel Corporation (NYSE:JBTM - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 58,873 shares of the company's stock, valued at approximately $8,537,000. Deutsche Bank AG owned 0.11% of JBT Marel at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of JBTM. Alliancebernstein L.P. bought a new position in JBT Marel in the second quarter worth $135,854,000. Gildi lifeyrissjodur acquired a new stake in JBT Marel during the fourth quarter worth $170,862,000. Norges Bank bought a new stake in JBT Marel in the 4th quarter valued at $98,435,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in JBT Marel in the 2nd quarter valued at $77,963,000. Finally, P2 Capital Partners LLC acquired a new position in shares of JBT Marel in the 2nd quarter valued at $65,536,000. 98.92% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Oppenheimer began coverage on shares of JBT Marel in a report on Thursday, May 21st. They set an "outperform" rating and a $175.00 price objective for the company. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research note on Thursday, May 21st. Weiss Ratings lowered shares of JBT Marel from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, June 5th. Wall Street Zen cut shares of JBT Marel from a "buy" rating to a "hold" rating in a research note on Sunday, June 21st. Finally, Zacks Research downgraded JBT Marel from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $174.67.
Get Our Latest Research Report on JBTM
JBT Marel Stock Up 0.2%
Shares of NYSE JBTM opened at $117.07 on Monday. JBT Marel Corporation has a 52-week low of $113.67 and a 52-week 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 business has a fifty day moving average of $132.81 and a two-hundred day moving average of $136.04. The stock has a market cap of $6.07 billion, a PE ratio of 31.90, a PEG ratio of 1.29 and a beta of 0.94.
JBT Marel (NYSE:JBTM - Get Free Report) last posted 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). The firm 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. As a group, equities research analysts expect that JBT Marel Corporation will post 8.05 earnings per share for the current fiscal year.
JBT Marel Announces Dividend
The company also recently disclosed 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 of this dividend 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 Profile
(
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.
Further Reading
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