Gradient Investments LLC Buys 9,543 Shares of JBT Marel Corporation $JBTM

Key Points

• Gradient Investments acquired 9,543 JBT Marel shares worth approximately $1.01 million during the third quarter. Institutional investors collectively own 98.92% of the company’s stock.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $165.20.
• JBT Marel reported quarterly revenue of $981 million and adjusted earnings of $1.95 per share, below the $2.02 estimate. Shares opened at $107.15, near the company’s 52-week low, while the company pays a quarterly dividend of $0.10.

Gradient Investments LLC acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,543 shares of the company's stock, valued at approximately $1,008,000.

Other institutional investors also recently made changes to their positions in the company. Walleye Capital LLC bought a new stake in shares of JBT Marel during the 2nd quarter valued at about $3,953,000. Bank of America Corp DE grew its holdings in shares of JBT Marel by 2.3% in the 1st quarter. Bank of America Corp DE now owns 466,741 shares of the company's stock worth $59,682,000 after acquiring an additional 10,714 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of JBT Marel during the second quarter valued at $45,764,000. Susquehanna Fundamental Investments LLC increased its position in JBT Marel by 79.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 84,502 shares of the company's stock worth $12,253,000 after purchasing an additional 37,499 shares during the last quarter. Finally, Corient Private Wealth LP bought a new stake in JBT Marel during the second quarter worth approximately $1,771,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JBTM shares. Wall Street Zen lowered shares of JBT Marel from a "buy" rating to a "hold" rating in a research report on Sunday, June 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of JBT Marel in a report on Wednesday, September 2nd. Robert W. Baird cut their price target on JBT Marel from $188.00 to $171.00 and set an "outperform" rating on the stock in a research note on Thursday, September 24th. KeyCorp initiated coverage on shares of JBT Marel in a report on Tuesday, August 25th. They set an "overweight" rating and a $150.00 price objective for the company. Finally, Barclays assumed coverage on shares of JBT Marel in a research note on Tuesday, September 8th. They issued an "overweight" rating and a $150.00 price target on the stock. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, JBT Marel has an average rating of "Moderate Buy" and a consensus target price of $165.20.

JBT Marel Stock Performance

JBTM opened at $107.15 on Friday. 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 company's fifty day moving average price is $115.30 and its two-hundred day moving average price is $126.23. JBT Marel Corporation has a 1-year low of $103.26 and a 1-year high of $170.19. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 1.16 and a beta of 0.94.

JBT Marel (NYSE:JBTM - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $981.00 million for the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, analysts expect that JBT Marel Corporation will post 8.04 EPS for the current fiscal year.

JBT Marel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a $0.10 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.40 annualized dividend and a yield of 0.4%. JBT Marel's payout ratio is presently 10.90%.

About JBT Marel

JBT Marel Corporation NYSE: JBTM is a global food and beverage technology company formed through the combination of JBT Corporation and Marel. The company develops equipment, integrated processing lines and software designed to help food producers automate operations, improve productivity and support food safety and sustainability.

Its products and services serve a broad range of food-processing markets, including poultry, meat, seafood, prepared foods, fruit and vegetables, dairy and pet food.

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