Corient Private Wealth LLC Takes $2.62 Million Position in JBT Marel Corporation $JBTM

Corient Private Wealth LLC acquired a new position in JBT Marel Corporation (NYSE:JBTM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,790 shares of the company’s stock, valued at approximately $2,620,000.

A number of other hedge funds have also added to or reduced their stakes in JBTM. Geode Capital Management LLC bought a new stake in JBT Marel during the 2nd quarter worth about $141,026,000. Alliancebernstein L.P. acquired a new stake in shares of JBT Marel in the second quarter valued at about $135,854,000. Champlain Investment Partners LLC acquired a new stake in shares of JBT Marel in the second quarter valued at about $85,029,000. Bamco Inc. NY bought a new stake in JBT Marel during the second quarter worth about $84,182,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in JBT Marel during the second quarter worth about $83,397,000. Institutional investors own 98.92% of the company’s stock.

Insider Activity at JBT Marel

In related news, Director Olafur S. Gudmundsson sold 10,000 shares of JBT Marel stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $150.09, for a total transaction of $1,500,900.00. Following the completion of the sale, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JBTM shares. 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 note on Friday, October 3rd. Finally, Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $180.00 in a report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, JBT Marel currently has an average rating of “Moderate Buy” and a consensus price target of $164.00.

JBT Marel Stock Performance

JBTM opened at $155.40 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.34. JBT Marel Corporation has a 12-month low of $90.08 and a 12-month high of $156.58. The business has a 50 day moving average of $139.20 and a 200-day moving average of $135.93. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of -69.37, a PEG ratio of 1.80 and a beta of 1.00.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.43. JBT Marel had a positive return on equity of 7.88% and a negative net margin of 3.39%.The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $936.75 million. The company’s revenue for the quarter was up 120.6% on a year-over-year basis. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. On average, equities research analysts expect 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. Stockholders of record on Monday, December 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 15th. JBT Marel’s dividend payout ratio (DPR) is currently -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.