Shares of JBT Marel Corporation (NYSE:JBTM - Get Free Report) hit a new 52-week low during trading on Wednesday. The stock traded as low as $109.18 and last traded at $108.9450, with a volume of 67673 shares trading hands. The stock had previously closed at $110.32.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on JBTM shares. KeyCorp started coverage on JBT Marel in a research report on Tuesday, August 25th. They issued an "overweight" rating and a $150.00 price target 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. Barclays initiated coverage on shares of JBT Marel in a research note on Tuesday, September 8th. They issued an "overweight" rating and a $150.00 target price on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of JBT Marel in a research report on Wednesday, September 2nd. Finally, Robert W. Baird dropped their target price on shares of JBT Marel from $188.00 to $171.00 and set an "outperform" rating for the company in a research report on Thursday, September 24th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $165.20.
Get Our Latest Report on JBT Marel
JBT Marel Trading Down 2.4%
The company's 50-day moving average is $120.45 and its 200-day moving average is $127.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 1.23 and a beta of 0.92.
JBT Marel (NYSE:JBTM - Get Free Report) last posted its quarterly earnings data 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). 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 during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, research analysts predict that JBT Marel Corporation will post 8.04 earnings per share for the current year.
JBT Marel Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, August 17th. JBT Marel's payout ratio is 10.90%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of JBT Marel during the second quarter worth $1,150,221,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in JBT Marel by 8.5% in the second 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 during the last quarter. Geode Capital Management LLC increased its position in JBT Marel by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,246,584 shares of the company's stock worth $187,855,000 after purchasing an additional 8,291 shares during the period. Norges Bank acquired a new stake in JBT Marel in the fourth quarter worth about $98,435,000. Finally, Bamco Inc. NY bought a new stake in JBT Marel during the 2nd quarter worth about $95,781,000. 98.92% of the stock is currently owned by institutional investors.
JBT Marel Company Profile
(
Get Free Report)
JBT Marel Corporation is a global food technology company that develops equipment, systems and services for the processing, preparation, packaging and handling of food and beverages. Its solutions are used by food producers, processors and manufacturers across the poultry, meat, seafood, prepared foods, fruit and vegetables, pet food, dairy and beverage industries.
The company's portfolio includes systems for portioning, weighing, sorting, grading, marinating, cooking, freezing, filling, packaging and automated material handling.
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