CW Advisors LLC Takes Position in JBT Marel Corporation $JBTM

CW Advisors LLC acquired a new position in shares of JBT Marel Corporation (NYSE:JBTM) during the second quarter, Holdings Channel reports. The fund acquired 54,898 shares of the company’s stock, valued at approximately $6,602,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JBTM. Geode Capital Management LLC acquired a new position in JBT Marel during the 2nd quarter worth approximately $141,026,000. Champlain Investment Partners LLC bought a new stake in shares of JBT Marel during the second quarter valued at approximately $85,029,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of JBT Marel during the second quarter worth approximately $83,397,000. Norges Bank bought a new position in shares of JBT Marel in the 2nd quarter worth $77,470,000. Finally, Artisan Partners Limited Partnership bought a new position in shares of JBT Marel in the 2nd quarter worth $73,593,000. 98.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research note on Wednesday, October 8th. Robert W. Baird set a $169.00 target price on shares of JBT Marel in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

JBT Marel Trading Down 0.2%

NYSE JBTM opened at $140.99 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $137.09 and a 200 day simple moving average of $132.97. JBT Marel Corporation has a 12 month low of $90.08 and a 12 month high of $148.76. The firm has a market capitalization of $7.33 billion, a P/E ratio of -62.94, a PEG ratio of 1.66 and a beta of 1.01.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.43. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $936.75 million. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. JBT Marel’s quarterly revenue was up 120.6% compared to the same quarter last year. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. On average, analysts predict that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

JBT Marel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 15th. JBT Marel’s dividend payout ratio is presently -17.86%.

Insider Buying and Selling

In other JBT Marel news, Director Olafur S. Gudmundsson sold 20,000 shares of JBT Marel stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $141.79, for a total transaction of $2,835,800.00. Following the transaction, the director owned 19,980 shares of the company’s stock, valued at $2,832,964.20. This trade represents a 50.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.69% of the company’s stock.

About JBT Marel

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.