HighTower Advisors LLC Boosts Holdings in JBT Marel Corporation $JBTM

HighTower Advisors LLC grew its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 610.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,348 shares of the company’s stock after acquiring an additional 33,813 shares during the quarter. HighTower Advisors LLC owned 0.08% of JBT Marel worth $5,929,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Summit Global Investments purchased a new position in shares of JBT Marel during the third quarter worth approximately $1,052,000. Lighthouse Investment Partners LLC raised its stake in shares of JBT Marel by 48.8% during the third quarter. Lighthouse Investment Partners LLC now owns 37,679 shares of the company’s stock worth $5,292,000 after acquiring an additional 12,349 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of JBT Marel by 13.3% during the third quarter. New York State Common Retirement Fund now owns 120,212 shares of the company’s stock worth $16,884,000 after acquiring an additional 14,105 shares in the last quarter. Linden Advisors LP purchased a new position in shares of JBT Marel during the third quarter worth approximately $12,149,000. Finally, Congress Asset Management Co. raised its stake in shares of JBT Marel by 5.6% during the fourth quarter. Congress Asset Management Co. now owns 493,139 shares of the company’s stock worth $74,301,000 after acquiring an additional 26,161 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JBTM has been the topic of several analyst reports. Zacks Research downgraded shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Oppenheimer initiated coverage on shares of JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price on the stock. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research note on Thursday, May 21st. Finally, Weiss Ratings raised shares of JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, JBT Marel currently has an average rating of “Moderate Buy” and a consensus price target of $174.67.

Insiders Place Their Bets

In related news, CEO Brian A. Deck sold 8,634 shares of JBT Marel stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $150.51, for a total value of $1,299,503.34. Following the sale, the chief executive officer owned 127,667 shares in the company, valued at $19,215,160.17. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is currently owned by company insiders.

JBT Marel Stock Down 0.4%

Shares of NYSE JBTM opened at $134.41 on Thursday. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. JBT Marel Corporation has a 52 week low of $111.97 and a 52 week high of $170.19. The firm’s fifty day moving average is $129.39 and its 200 day moving average is $143.81. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 1.42 and a beta of 0.92.

JBT Marel (NYSE:JBTM) last issued its earnings results on Monday, May 4th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.49 by $0.09. The company had revenue of $936.00 million for the quarter. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, equities research analysts expect that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s payout ratio is 12.50%.

JBT Marel 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.