JBT Marel Corporation (NYSE:JBTM - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday. The company traded as low as $104.36 and last traded at $104.6460, with a volume of 220245 shares trading hands. The stock had previously closed at $108.69.
Analyst Ratings Changes
JBTM has been the subject of several recent analyst reports. KeyCorp assumed coverage on shares of JBT Marel in a research note on Tuesday, August 25th. They issued an "overweight" rating and a $150.00 target price for the company. Wall Street Zen lowered JBT Marel from a "buy" rating to a "hold" rating in a research note on Sunday, June 21st. Barclays assumed coverage on JBT Marel in a report on Tuesday, September 8th. They issued an "overweight" rating and a $150.00 price objective on the stock. Weiss Ratings restated a "hold (c)" rating on shares of JBT Marel in a research note on Wednesday, September 2nd. Finally, Robert W. Baird cut their price objective on shares of JBT Marel from $188.00 to $171.00 and set an "outperform" rating for the company in a report on Thursday, September 24th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $165.20.
Get Our Latest Stock Report on JBTM
JBT Marel Stock Down 3.7%
The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.21 and a beta of 0.94. The business's fifty day moving average is $117.36 and its two-hundred day moving average is $126.70. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.37.
JBT Marel (NYSE:JBTM - Get Free Report) last announced 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). JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. 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. Equities analysts forecast that JBT Marel Corporation will post 8.04 earnings per share for the current fiscal 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 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 currently 10.90%.
Hedge Funds Weigh In On JBT Marel
Institutional investors have recently modified their holdings of the stock. Cim Investment Management Inc. raised its holdings in shares of JBT Marel by 7.4% during the second quarter. Cim Investment Management Inc. now owns 2,310 shares of the company's stock worth $335,000 after acquiring an additional 159 shares during the period. Sequoia Financial Advisors LLC acquired a new position in JBT Marel during the second quarter valued at approximately $270,000. Integrated Wealth Concepts LLC acquired a new position in JBT Marel during the 2nd quarter worth approximately $88,000. IFP Advisors Inc increased its stake in shares of JBT Marel by 21.3% in the second quarter. IFP Advisors Inc now owns 9,874 shares of the company's stock valued at $1,432,000 after buying an additional 1,735 shares during the period. Finally, Nykredit A S acquired a new stake in shares of JBT Marel in the second quarter valued at about $289,000. 98.92% of the stock is owned by institutional investors.
About JBT Marel
(
Get Free Report)
JBT Marel Corporation NYSE: JBTM is a global food and beverage technology company formed through the combination of JBT Corporation and Marel. The company develops equipment, integrated processing lines and software designed to help food producers automate operations, improve productivity and support food safety and sustainability.
Its products and services serve a broad range of food-processing markets, including poultry, meat, seafood, prepared foods, fruit and vegetables, dairy and pet food.
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