JBT Marel Corporation $JBTM Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in JBT Marel Corporation (NYSE:JBTM) by 17.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 130,283 shares of the company’s stock after purchasing an additional 18,971 shares during the period. Exchange Traded Concepts LLC’s holdings in JBT Marel were worth $19,630,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Ensign Peak Advisors Inc bought a new position in shares of JBT Marel during the second quarter worth about $1,429,000. Rhumbline Advisers bought a new stake in JBT Marel in the second quarter valued at about $17,671,000. Prudential Financial Inc. bought a new stake in JBT Marel in the second quarter valued at about $5,675,000. Ameritas Investment Partners Inc. acquired a new stake in JBT Marel during the second quarter valued at approximately $642,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in JBT Marel during the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JBTM shares. Zacks Research upgraded JBT Marel from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Jefferies Financial Group raised JBT Marel from a “hold” rating to a “buy” rating and upped their price target for the company from $150.00 to $180.00 in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, JBT Marel currently has an average rating of “Buy” and an average price target of $174.50.

Insider Transactions at JBT Marel

In other news, CEO Brian A. Deck sold 10,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $151.39, for a total value of $1,513,900.00. Following the completion of the transaction, the chief executive officer owned 136,301 shares of the company’s stock, valued at approximately $20,634,608.39. This represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.69% of the company’s stock.

JBT Marel Price Performance

Shares of NYSE:JBTM opened at $123.64 on Friday. The firm’s 50 day moving average is $151.58 and its two-hundred day moving average is $145.62. The firm has a market capitalization of $6.43 billion, a P/E ratio of -122.41, a PEG ratio of 1.31 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. JBT Marel Corporation has a 52 week low of $90.08 and a 52 week high of $170.19.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.06. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The business had revenue of $1.01 billion during the quarter. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The business’s quarterly revenue was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Analysts anticipate that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, March 9th. JBT Marel’s payout ratio is -39.60%.

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.