Confluence Investment Management LLC Takes Position in JBT Marel Corporation $JBTM

Confluence Investment Management LLC acquired a new position in shares of JBT Marel Corporation (NYSE:JBTM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 85,680 shares of the company’s stock, valued at approximately $12,034,000.

Several other large investors have also recently bought and sold shares of JBTM. GAMMA Investing LLC lifted its holdings in JBT Marel by 29.6% in the third quarter. GAMMA Investing LLC now owns 963 shares of the company’s stock valued at $135,000 after acquiring an additional 220 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of JBT Marel in the 2nd quarter valued at about $28,000. EverSource Wealth Advisors LLC acquired a new stake in shares of JBT Marel in the second quarter valued at about $28,000. JTC Employer Solutions Trustee Ltd purchased a new stake in JBT Marel during the second quarter worth about $29,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in JBT Marel during the second quarter worth about $29,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and increased their target price for the company from $150.00 to $180.00 in a report on Wednesday, December 10th. Robert W. Baird set a $169.00 price target on JBT Marel in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.00.

Insider Buying and Selling

In related news, Director Olafur S. Gudmundsson sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $150.09, for a total value of $1,500,900.00. Following the completion of the transaction, the director owned 9,980 shares of the company’s stock, valued at approximately $1,497,898.20. The trade was a 50.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

JBT Marel Stock Up 0.7%

Shares of NYSE JBTM opened at $155.40 on Tuesday. The firm’s 50-day moving average is $139.20 and its two-hundred day moving average is $135.93. The company has a market capitalization of $8.08 billion, a PE ratio of -69.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.00. JBT Marel Corporation has a 12-month low of $90.08 and a 12-month high of $156.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.93 and a quick ratio of 0.53.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.43. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $936.75 million. JBT Marel had a positive return on equity of 7.88% and a negative net margin of 3.39%.The firm’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. Equities analysts anticipate that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

JBT Marel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. 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.