JBT Marel Corporation $JBTM Position Increased by Squarepoint Ops LLC

Squarepoint Ops LLC grew its position in shares of JBT Marel Corporation (NYSE:JBTM) by 344.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,889 shares of the company’s stock after buying an additional 29,358 shares during the quarter. Squarepoint Ops LLC owned approximately 0.07% of JBT Marel worth $4,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Truist Financial Corp bought a new position in JBT Marel during the second quarter valued at about $2,292,000. Vontobel Holding Ltd. acquired a new position in shares of JBT Marel during the 2nd quarter valued at about $389,000. Yousif Capital Management LLC bought a new position in shares of JBT Marel in the 2nd quarter valued at approximately $2,104,000. Envestnet Asset Management Inc. bought a new position in shares of JBT Marel in the 2nd quarter valued at approximately $29,873,000. Finally, Thematics Asset Management acquired a new stake in JBT Marel in the 2nd quarter worth approximately $25,080,000. 98.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Olafur S. Gudmundsson sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $150.09, for a total transaction of $1,500,900.00. Following the transaction, the director directly owned 9,980 shares in the company, valued at $1,497,898.20. The trade was a 50.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JBTM. Robert W. Baird set a $169.00 price target on JBT Marel in a report on Friday, October 3rd. Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and raised their target price for the company from $150.00 to $180.00 in a research note on Wednesday, December 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.00.

JBT Marel Stock Up 0.4%

JBTM opened at $155.15 on Tuesday. The business has a 50 day moving average of $137.94 and a 200-day moving average of $134.64. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of -69.26, a P/E/G ratio of 1.81 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.34. JBT Marel Corporation has a 1-year low of $90.08 and a 1-year high of $156.46.

JBT Marel (NYSE:JBTM) last released its earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.51 by $0.43. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $936.75 million. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The firm’s revenue was up 120.6% on a year-over-year basis. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. As a group, sell-side analysts anticipate that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 15th. JBT Marel’s dividend payout ratio (DPR) is presently -17.86%.

JBT Marel Company Profile

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.