Geode Capital Management LLC Has $187.86 Million Holdings in JBT Marel Corporation $JBTM

Geode Capital Management LLC grew its stake in JBT Marel Corporation (NYSE:JBTM) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,246,584 shares of the company’s stock after buying an additional 8,291 shares during the quarter. Geode Capital Management LLC owned 2.40% of JBT Marel worth $187,855,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JBTM. UMB Bank n.a. acquired a new position in shares of JBT Marel in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of JBT Marel in the second quarter valued at approximately $28,000. CI Investments Inc. boosted its holdings in shares of JBT Marel by 69.2% in the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after buying an additional 83 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of JBT Marel in the second quarter valued at approximately $29,000. Finally, Group One Trading LLC boosted its holdings in shares of JBT Marel by 49.3% in the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Stock Down 2.1%

NYSE:JBTM opened at $127.06 on Thursday. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95. JBT Marel Corporation has a twelve month low of $113.67 and a twelve month high of $170.19. The stock’s 50 day moving average price is $129.52 and its two-hundred day moving average price is $143.47. 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 (NYSE:JBTM) last posted its quarterly earnings results on Monday, May 4th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.09. The firm had revenue of $936.00 million for the quarter. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities research analysts expect that JBT Marel Corporation will post 8.26 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.