JBT Marel Corporation $JBTM Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. lowered its position in JBT Marel Corporation (NYSE:JBTM) by 1.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 326,880 shares of the company’s stock after selling 3,779 shares during the period. JBT Marel accounts for approximately 2.3% of Deroy & Devereaux Private Investment Counsel Inc.’s portfolio, making the stock its 4th biggest position. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in JBT Marel were worth $45,910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of JBTM. Salomon & Ludwin LLC purchased a new stake in shares of JBT Marel in the 3rd quarter valued at $25,000. First Horizon Corp purchased a new position in shares of JBT Marel during the third quarter worth $27,000. Steward Partners Investment Advisory LLC acquired a new position in JBT Marel during the second quarter valued at $28,000. EverSource Wealth Advisors LLC acquired a new position in JBT Marel during the second quarter valued at $28,000. Finally, JTC Employer Solutions Trustee Ltd purchased a new stake in JBT Marel in the second quarter valued at $29,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Trading Up 2.3%

JBTM stock opened at $159.47 on Friday. JBT Marel Corporation has a 52-week low of $90.08 and a 52-week high of $160.84. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.34. The firm has a market cap of $8.29 billion, a P/E ratio of -71.19, a PEG ratio of 1.52 and a beta of 1.00. The company’s 50-day simple moving average is $147.51 and its 200-day simple moving average is $140.03.

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

JBT Marel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were given a dividend of $0.10 per share. The ex-dividend date was 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 -17.86%.

Analyst Upgrades and Downgrades

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

Insider Transactions at JBT Marel

In related news, Director Olafur S. Gudmundsson sold 10,000 shares of JBT Marel stock in a transaction on 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 sale, the director owned 9,980 shares of the company’s stock, valued at approximately $1,497,898.20. This trade represents a 50.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.