Gildi lifeyrissjodur bought a new position in JBT Marel Corporation (NYSE:JBTM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,109,379 shares of the company's stock, valued at approximately $170,862,000. JBT Marel makes up approximately 77.3% of Gildi lifeyrissjodur's investment portfolio, making the stock its largest position. Gildi lifeyrissjodur owned 2.13% of JBT Marel at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of JBTM. Salomon & Ludwin LLC purchased a new position in shares of JBT Marel in the third quarter worth about $25,000. First Horizon Corp purchased a new position in shares of JBT Marel in the third quarter worth about $27,000. UMB Bank n.a. purchased a new position in shares of JBT Marel in the third quarter worth about $27,000. EverSource Wealth Advisors LLC purchased a new position in shares of JBT Marel in the second quarter worth about $28,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of JBT Marel in the second quarter worth about $29,000. Hedge funds and other institutional investors own 98.92% of the company's stock.
JBT Marel Price Performance
Shares of NYSE:JBTM opened at $115.53 on Friday. The company has a 50 day moving average of $135.85 and a 200 day moving average of $143.78. The stock has a market cap of $6.01 billion, a P/E ratio of -114.38, a P/E/G ratio of 1.25 and a beta of 1.07. JBT Marel Corporation has a 12 month low of $99.84 and a 12 month high of $170.19. The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33.
JBT Marel (NYSE:JBTM - Get Free Report) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.92 by $0.06. The company had revenue of $1.01 billion during the quarter. JBT Marel had a negative net margin of 1.33% and a positive return on equity of 7.68%. JBT Marel's revenue was up 115.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, sell-side analysts forecast that JBT Marel Corporation will post 8.19 EPS for the current fiscal year.
JBT Marel Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. JBT Marel's payout ratio is currently -39.60%.
Insider Buying and Selling
In other JBT Marel news, CEO Brian A. Deck sold 10,000 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $151.39, for a total value of $1,513,900.00. Following the completion of the transaction, the chief executive officer owned 136,301 shares of the company's stock, valued at $20,634,608.39. The trade was a 6.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several research firms have recently weighed in on JBTM. Weiss Ratings reiterated a "hold (c-)" rating on shares of JBT Marel in a research note on Tuesday, April 21st. Zacks Research cut shares of JBT Marel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.50.
Check Out Our Latest Stock Analysis on JBT Marel
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.
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