Walleye Capital LLC Makes New $3.95 Million Investment in JBT Marel Corporation $JBTM

Key Points

• Walleye Capital purchased 27,265 shares of JBT Marel, valued at approximately $3.95 million, while institutional investors collectively own 98.92% of the company.
• Analyst sentiment remains moderately positive, with an average “Moderate Buy” rating and a $174.67 price target, although several firms recently downgraded the stock to “Hold.”
• JBT Marel reported quarterly EPS of $1.95, below the $2.02 consensus estimate, on revenue of $981 million. The company also declared a quarterly dividend of $0.10 per share, representing a 0.3% annualized yield.

Walleye Capital LLC purchased a new position in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 27,265 shares of the company's stock, valued at approximately $3,953,000. Walleye Capital LLC owned approximately 0.05% of JBT Marel as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of JBT Marel in the second quarter valued at approximately $29,000. EverSource Wealth Advisors LLC acquired a new stake in shares of JBT Marel in the second quarter worth $28,000. First Trust Advisors LP bought a new position in JBT Marel during the second quarter worth $4,285,000. Amundi acquired a new position in JBT Marel during the 2nd quarter valued at $974,000. Finally, Gamco Investors INC. ET AL acquired a new position in JBT Marel during the 2nd quarter valued at $1,173,000. Institutional investors own 98.92% of the company's stock.

Analyst Ratings Changes

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

JBT Marel Stock Performance

JBT Marel stock opened at $120.33 on Friday. The firm has a market capitalization of $6.24 billion, a P/E ratio of 32.79, a P/E/G ratio of 1.30 and a beta of 0.94. The stock has a fifty day moving average price of $133.48 and a two-hundred day moving average price of $137.65. JBT Marel Corporation has a 52-week low of $113.67 and a 52-week high of $170.19. 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.02 by ($0.07). The business had revenue of $981.00 million during 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. As a group, analysts anticipate that JBT Marel Corporation will post 8.05 EPS for the current fiscal year.

JBT Marel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel's dividend payout ratio is 10.90%.

About JBT Marel

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.

Want to see what other hedge funds are holding JBTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JBT Marel Corporation (NYSE:JBTM - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source