JBT Marel Corporation $JBTM Shares Acquired by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System dramatically increased its JBT Marel stake by purchasing 8.67 million additional shares, bringing its holdings to 8.73 million shares, or approximately 16.83% of the company. Institutional investors collectively own 98.92% of JBT Marel.
• Analyst sentiment remains favorable, with four Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $164.80. Targets cited range from $150 to $175.
• JBT Marel reported quarterly EPS of $1.95, below the $2.02 consensus estimate, on revenue of $981 million. The company also declared a $0.10 quarterly dividend, equivalent to a 0.4% yield.

California State Teachers Retirement System boosted its stake in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) by 14,258.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,729,145 shares of the company's stock after purchasing an additional 8,668,351 shares during the quarter. California State Teachers Retirement System owned approximately 16.83% of JBT Marel worth $1,265,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Walleye Capital LLC acquired a new position in shares of JBT Marel in the 2nd quarter valued at $3,953,000. Bank of America Corp DE raised its stake in JBT Marel by 2.3% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in JBT Marel by 9,103.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company's stock worth $3,522,000 after acquiring an additional 23,122 shares in the last quarter. Bessemer Group Inc. lifted its position in JBT Marel by 127.3% in the fourth quarter. Bessemer Group Inc. now owns 386,767 shares of the company's stock valued at $58,275,000 after acquiring an additional 216,602 shares during the last quarter. Finally, BlackRock Inc. acquired a new position in JBT Marel in the second quarter valued at $1,150,221,000. Hedge funds and other institutional investors own 98.92% of the company's stock.

Analyst Upgrades and Downgrades

JBTM has been the topic of a number of research reports. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research report on Thursday, May 21st. KeyCorp started coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They issued an "overweight" rating and a $150.00 price target for the company. Wall Street Zen downgraded shares of JBT Marel from a "buy" rating to a "hold" rating in a research report on Sunday, June 21st. Weiss Ratings reissued a "hold (c)" rating on shares of JBT Marel in a research report on Wednesday, September 2nd. Finally, Oppenheimer assumed coverage on shares of JBT Marel in a research note on Thursday, May 21st. They issued an "outperform" rating and a $175.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $164.80.

JBT Marel Price Performance

JBTM stock opened at $114.25 on Friday. The firm has a 50 day moving average of $126.80 and a 200-day moving average of $131.24. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.26 and a beta of 0.92. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. JBT Marel Corporation has a 12-month low of $110.19 and a 12-month high of $170.19.

JBT Marel (NYSE:JBTM - Get Free Report) last issued its quarterly earnings data 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. As a group, equities 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. Shareholders of record on Monday, August 17th were issued 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 10.90%.

JBT Marel 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.

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.