JBT Marel Corporation $JBTM Position Reduced by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in JBT Marel Corporation (NYSE:JBTM - Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,201 shares of the company's stock after selling 593 shares during the period. California State Teachers Retirement System owned approximately 0.12% of JBT Marel worth $8,729,145 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of JBTM. AlphaGrep UK Ltd acquired a new position in shares of JBT Marel during the 2nd quarter worth $332,000. Nykredit A S bought a new position in JBT Marel in the second quarter worth about $289,000. Susquehanna Fundamental Investments LLC lifted its stake in JBT Marel by 79.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 84,502 shares of the company's stock valued at $12,253,000 after acquiring an additional 37,499 shares during the period. Benjamin Edwards Inc. raised its position in shares of JBT Marel by 47.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 12,299 shares of the company's stock valued at $1,784,000 after purchasing an additional 3,959 shares during the period. Finally, Wedbush Securities Inc. purchased a new position in shares of JBT Marel in the 2nd quarter worth approximately $261,000. Institutional investors own 98.92% of the company's stock.

JBT Marel Stock Performance

Shares of NYSE:JBTM traded up $0.39 during midday trading on Tuesday, hitting $112.18. The company had a trading volume of 277,518 shares, compared to its average volume of 560,536. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 1.26 and a beta of 0.92. JBT Marel Corporation has a 12-month low of $110.19 and a 12-month high of $170.19. The company has a fifty day moving average of $126.08 and a two-hundred day moving average of $130.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.70.

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

JBT Marel Dividend Announcement

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

Analysts Set New Price Targets

JBTM has been the subject of a number of research analyst reports. Oppenheimer began coverage on shares of JBT Marel in a research 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 price target on JBT Marel in a report on Thursday, May 21st. Barclays began coverage on JBT Marel in a research note on Tuesday, September 8th. They set an "overweight" rating and a $150.00 price objective for the company. KeyCorp initiated coverage on JBT Marel in a research note on Tuesday, August 25th. They issued an "overweight" rating and a $150.00 target price for the company. Finally, Wall Street Zen lowered JBT Marel from a "buy" rating to a "hold" rating in a research report on Sunday, June 21st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.80.

JBT Marel Company Profile

JBT Marel Corporation is a global food technology company that develops equipment, systems and services for the processing, preparation, packaging and handling of food and beverages. Its solutions are used by food producers, processors and manufacturers across the poultry, meat, seafood, prepared foods, fruit and vegetables, pet food, dairy and beverage industries.

The company's portfolio includes systems for portioning, weighing, sorting, grading, marinating, cooking, freezing, filling, packaging and automated material handling.

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