Wellington Management Group LLP Purchases 65,589 Shares of JBT Marel Corporation $JBTM

Key Points

• Wellington Management increased its JBT Marel stake by 21.5% in the second quarter, purchasing 65,589 shares and bringing its holdings to 370,129 shares valued at approximately $53.7 million.
• Institutional ownership remains very high at 98.92%, with BlackRock, AllianceBernstein, Bamco, Norges Bank, and Mirae Asset among investors that recently established or expanded positions.
• JBT Marel reported quarterly EPS of $1.95, below the $2.02 consensus estimate, while analysts maintain a “Moderate Buy” consensus with an average price target of $168.50; the company also declared a quarterly dividend of $0.10 per share.

Wellington Management Group LLP increased its holdings in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) by 21.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 370,129 shares of the company's stock after acquiring an additional 65,589 shares during the period. Wellington Management Group LLP owned about 0.71% of JBT Marel worth $53,669,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in JBT Marel during the second quarter valued at approximately $1,150,221,000. Alliancebernstein L.P. acquired a new position in shares of JBT Marel in the 2nd quarter worth approximately $135,854,000. Bamco Inc. NY acquired a new position in shares of JBT Marel in the 2nd quarter worth approximately $95,781,000. Norges Bank bought a new position in shares of JBT Marel during the 4th quarter worth approximately $98,435,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of JBT Marel during the 2nd quarter worth approximately $77,963,000. Institutional investors and hedge funds own 98.92% of the company's stock.

JBT Marel Stock Up 1.3%

NYSE JBTM opened at $117.54 on Friday. The firm has a market cap of $6.10 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92. JBT Marel Corporation has a one year low of $113.23 and a one year high of $170.19. The stock's 50 day simple moving average is $130.20 and its 200 day simple moving average is $133.04. 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 issued its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts forecast that JBT Marel Corporation will post 8.04 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on JBTM. Seaport Research Partners set a $165.00 price target on JBT Marel in a research note on Thursday, May 21st. Wall Street Zen cut JBT Marel from a "buy" rating to a "hold" rating in a report on Sunday, June 21st. Oppenheimer began coverage on shares of JBT Marel in a research note on Thursday, May 21st. They issued an "outperform" rating and a $175.00 target price on the stock. Weiss Ratings lowered shares of JBT Marel from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, June 5th. Finally, KeyCorp assumed coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They set an "overweight" rating and a $150.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, JBT Marel has an average rating of "Moderate Buy" and an average price target of $168.50.

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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