Legal & General Group Plc Sells 9,592 Shares of JBT Marel Corporation $JBTM

Legal & General Group Plc lessened its stake in JBT Marel Corporation (NYSE:JBTM) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,812 shares of the company’s stock after selling 9,592 shares during the period. Legal & General Group Plc owned 0.42% of JBT Marel worth $32,667,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JBTM. Alliancebernstein L.P. bought a new position in JBT Marel in the 2nd quarter worth approximately $135,854,000. Gildi lifeyrissjodur bought a new stake in shares of JBT Marel during the 4th quarter valued at $170,862,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of JBT Marel during the 2nd quarter valued at $77,963,000. P2 Capital Partners LLC bought a new stake in shares of JBT Marel during the 2nd quarter valued at $65,536,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of JBT Marel during the 2nd quarter valued at $63,931,000. Institutional investors own 98.92% of the company’s stock.

Insider Activity

In other news, CEO Brian A. Deck sold 10,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were 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 $20,634,608.39. The trade was a 6.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings upgraded shares of JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Zacks Research cut shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Oppenheimer assumed coverage on shares of JBT Marel in a research report on Thursday, May 21st. They set an “outperform” rating and a $175.00 target price for the company. Finally, Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.67.

JBT Marel Price Performance

Shares of JBTM stock opened at $134.47 on Friday. JBT Marel Corporation has a 12-month low of $111.97 and a 12-month high of $170.19. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 42.02, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average of $129.49 and a 200-day moving average of $143.70.

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

JBT Marel Dividend Announcement

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

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.