JBT Marel (NYSE:JBTM) Hits New 1-Year Low - Here's What Happened

Key Points

• JBT Marel shares hit a new 52-week low, trading as low as $102.97 before closing near $104.13, below the 50-day and 200-day moving averages.
• Analysts maintain a generally positive view, with five Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $165.20. Recent targets include $150 from Barclays and KeyCorp, while Robert W. Baird lowered its target to $171.
• The company’s latest quarterly earnings missed estimates, reporting $1.95 in adjusted EPS versus expectations of $2.02, while it declared a quarterly dividend of $0.10 per share, yielding approximately 0.4% annually.

JBT Marel Corporation (NYSE:JBTM - Get Free Report) hit a new 52-week low during trading on Tuesday. The company traded as low as $102.97 and last traded at $104.1320, with a volume of 42,623 shares traded. The stock had previously closed at $104.58.

Analysts Set New Price Targets

JBTM has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of JBT Marel in a research note on Wednesday, September 2nd. Barclays started coverage on shares of JBT Marel in a research note on Tuesday, September 8th. They set an "overweight" rating and a $150.00 price objective on the stock. KeyCorp initiated coverage on shares of JBT Marel in a research note on Tuesday, August 25th. They set an "overweight" rating and a $150.00 price objective on the stock. Finally, Robert W. Baird decreased 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. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, JBT Marel has an average rating of "Moderate Buy" and a consensus price target of $165.20.

JBT Marel Trading Up 1.7%

The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.15 and a beta of 0.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.70. The firm's 50-day simple moving average is $112.66 and its 200 day simple moving average is $125.29.

JBT Marel (NYSE:JBTM - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.07). The business had revenue of $981.00 million for the quarter. JBT Marel had a return on equity of 8.75% and a net margin of 4.89%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Equities analysts expect that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued 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 10.90%.

Institutional Trading of JBT Marel

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of JBT Marel in the 2nd quarter valued at $1,150,221,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of JBT Marel by 8.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,818,441 shares of the company's stock valued at $263,674,000 after acquiring an additional 143,049 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in JBT Marel by 34.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 664,550 shares of the company's stock worth $84,976,000 after acquiring an additional 169,655 shares during the last quarter. Bamco Inc. NY bought a new stake in JBT Marel during the 2nd quarter worth $95,781,000. Finally, Bank of America Corp DE grew its position 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 during the last quarter. 98.92% of the stock is currently owned by institutional investors.

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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