JBT Marel Corporation $JBTM Stock Purchased by IFP Advisors Inc

Key Points

• IFP Advisors more than doubled its JBT Marel stake in the third quarter, acquiring 10,177 additional shares for a total holding of 20,051 shares valued at approximately $2.1 million. Institutional investors collectively own 98.92% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $165.20.
• JBT Marel shares opened at $105.42, near their 52-week low of $102.97, after the company slightly missed quarterly EPS estimates. The company also pays a quarterly dividend of $0.10 per share, yielding approximately 0.4% annually.

IFP Advisors Inc lifted its stake in JBT Marel Corporation (NYSE:JBTM - Free Report) by 103.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,051 shares of the company's stock after buying an additional 10,177 shares during the period. IFP Advisors Inc's holdings in JBT Marel were worth $2,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of JBTM. Walleye Capital LLC bought a new position in JBT Marel during the 2nd quarter worth approximately $3,953,000. Bank of America Corp DE increased its stake in 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 purchasing an additional 10,714 shares during the period. Legal & General Group Plc purchased a new position in JBT Marel in the 2nd quarter worth approximately $45,764,000. Susquehanna Fundamental Investments LLC increased its stake 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 period. Finally, Corient Private Wealth LP purchased a new position in JBT Marel in the 2nd quarter worth approximately $1,771,000. Institutional investors own 98.92% of the company's stock.

Wall Street Analysts Forecast Growth

JBTM has been the subject of several recent research reports. Barclays started coverage on JBT Marel in a research report on Tuesday, September 8th. They issued an "overweight" rating and a $150.00 price objective for the company. Weiss Ratings restated a "hold (c)" rating on shares of JBT Marel in a report on Wednesday, September 2nd. Robert W. Baird cut their target price on shares of JBT Marel from $188.00 to $171.00 and set an "outperform" rating on the stock in a report on Thursday, September 24th. Finally, KeyCorp began coverage on shares of JBT Marel in a research note on Tuesday, August 25th. They issued an "overweight" rating and a $150.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, JBT Marel presently has a consensus rating of "Moderate Buy" and an average target price of $165.20.

JBT Marel Stock Performance

Shares of JBTM stock opened at $105.42 on Wednesday. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 1.15 and a beta of 0.94. The stock has a fifty day moving average of $112.34 and a 200 day moving average of $125.12. JBT Marel Corporation has a 52 week low of $102.97 and a 52 week high of $170.19. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.37.

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 (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 company had revenue of $981.00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. As a group, research analysts expect that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend 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 processing technology company formed through the combination of JBT Corporation and Marel. The company develops, manufactures and services equipment, integrated production lines and software used throughout the food industry, from primary processing to packaging and related automation.

Its products and solutions support the processing of poultry, meat, fish, prepared foods, pet food, plant-based products, fruits and vegetables, and other food categories.

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