JBT Marel Corporation (NYSE:JBTM - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $113.23 and last traded at $113.8080, with a volume of 304393 shares. The stock had previously closed at $115.96.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of JBT Marel in a research report on Wednesday, September 2nd. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research note on Thursday, May 21st. KeyCorp started coverage on JBT Marel in a research report on Tuesday, August 25th. They set an "overweight" rating and a $150.00 price target on the stock. Barclays initiated coverage on JBT Marel in a research note on Tuesday. They set an "overweight" rating and a $150.00 target price on the stock. Finally, Oppenheimer started coverage on JBT Marel in a report on Thursday, May 21st. They set an "outperform" rating and a $175.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.80.
Read Our Latest Stock Analysis on JBTM
JBT Marel Price Performance
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 stock has a 50-day simple moving average of $128.71 and a 200 day simple moving average of $132.07. The company has a market cap of $5.90 billion, a P/E ratio of 31.01, a P/E/G ratio of 1.30 and a beta of 0.92.
JBT Marel (NYSE:JBTM - Get Free Report) last posted 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). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The firm 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, equities analysts expect that JBT Marel Corporation will post 8.04 EPS for the current year.
JBT Marel Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. JBT Marel's dividend payout ratio is presently 10.90%.
Hedge Funds Weigh In On JBT Marel
A number of institutional investors have recently bought and sold shares of the business. Walleye Capital LLC bought a new stake in shares of JBT Marel in the second quarter valued at about $3,953,000. Bank of America Corp DE grew its holdings in JBT Marel by 2.3% during the first 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 period. Bessemer Group Inc. boosted its holdings in JBT Marel by 127.3% during the fourth quarter. Bessemer Group Inc. now owns 386,767 shares of the company's stock worth $58,275,000 after buying an additional 216,602 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of JBT Marel by 9,103.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company's stock valued at $3,522,000 after buying an additional 23,122 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of JBT Marel by 4.4% in the fourth quarter. Royce & Associates LP now owns 668,588 shares of the company's stock worth $100,736,000 after acquiring an additional 28,335 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company's stock.
JBT Marel Company Profile
(
Get Free Report)
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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