TimesSquare Capital Management LLC Acquires Shares of 274,627 JBT Marel Corporation $JBTM

Key Points

• TimesSquare Capital Management acquired 274,627 JBT Marel shares worth approximately $39.8 million, representing a 0.53% stake. Institutional investors collectively own 98.92% of the company.
• Analyst sentiment remains positive but mixed, with JBT Marel holding a consensus “Moderate Buy” rating and an average price target of $174.67, compared with a recent share price of $118.74.
• JBT Marel reported quarterly EPS of $1.95, below the $2.02 consensus estimate, while revenue reached $981 million. The company also declared a quarterly dividend of $0.10 per share, yielding about 0.3% annually.

TimesSquare Capital Management LLC acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 274,627 shares of the company's stock, valued at approximately $39,821,000. TimesSquare Capital Management LLC owned 0.53% of JBT Marel as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in JBT Marel during the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC bought a new stake in JBT Marel in the 2nd quarter worth $28,000. First Trust Advisors LP bought a new stake in JBT Marel in the 2nd quarter worth $4,285,000. Amundi purchased a new position in shares of JBT Marel in the second quarter valued at about $974,000. Finally, Gamco Investors INC. ET AL purchased a new position in shares of JBT Marel in the second quarter valued at about $1,173,000. Institutional investors own 98.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JBTM. Weiss Ratings lowered shares of JBT Marel from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, June 5th. Seaport Research Partners set a $165.00 price target on JBT Marel in a report on Thursday, May 21st. Wall Street Zen lowered JBT Marel from a "buy" rating to a "hold" rating in a research report on Sunday, June 21st. Oppenheimer assumed coverage on JBT Marel in a report on Thursday, May 21st. They issued an "outperform" rating and a $175.00 price objective for the company. Finally, Zacks Research lowered JBT Marel from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, JBT Marel presently has a consensus rating of "Moderate Buy" and an average target price of $174.67.

JBT Marel Price Performance

Shares of JBTM stock opened at $118.74 on Tuesday. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 1.32 and a beta of 0.94. The business's fifty day moving average is $133.37 and its 200 day moving average is $137.27. JBT Marel Corporation has a twelve month low of $113.67 and a twelve month 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 announced its quarterly earnings data on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.07). JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. The firm had revenue of $981.00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Research analysts expect that JBT Marel Corporation will post 8.05 EPS for the current fiscal year.

JBT Marel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, August 17th. JBT Marel's dividend payout ratio (DPR) is presently 10.90%.

JBT Marel Profile

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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