Castleark Management LLC Acquires 7,450 Shares of JBT Marel Corporation $JBTM

Castleark Management LLC raised its holdings in JBT Marel Corporation (NYSE:JBTM) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,539 shares of the company’s stock after buying an additional 7,450 shares during the period. Castleark Management LLC owned about 0.11% of JBT Marel worth $8,820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JBTM. Eurizon Capital SGR S.p.A. acquired a new position in shares of JBT Marel in the fourth quarter valued at approximately $25,000. CI Investments Inc. lifted its stake in JBT Marel by 69.2% during the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the last quarter. Group One Trading LLC lifted its stake in JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in JBT Marel during the second quarter worth $28,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in JBT Marel during the second quarter worth $29,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Price Performance

JBT Marel stock opened at $125.22 on Friday. JBT Marel Corporation has a 52 week low of $113.67 and a 52 week high of $170.19. The company’s 50 day moving average price is $128.97 and its two-hundred day moving average price is $142.85. 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 stock has a market cap of $6.52 billion, a P/E ratio of 39.13, a P/E/G ratio of 1.29 and a beta of 0.95.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, May 4th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, equities analysts predict that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Zacks Research cut JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings cut JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Wall Street Zen upgraded JBT Marel from a “hold” rating to a “buy” rating in a research note on Saturday. Seaport Research Partners set a $165.00 price target on JBT Marel in a research note on Thursday, May 21st. Finally, Oppenheimer began coverage on JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target for the company. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, JBT Marel presently has an average rating of “Moderate Buy” and an average price target of $174.67.

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.