JBT Marel Corporation $JBTM Shares Sold by 140 Summer Partners LP

140 Summer Partners LP decreased its position in JBT Marel Corporation (NYSE:JBTM) by 14.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 302,394 shares of the company’s stock after selling 51,150 shares during the period. JBT Marel makes up about 3.4% of 140 Summer Partners LP’s investment portfolio, making the stock its 16th largest position. 140 Summer Partners LP’s holdings in JBT Marel were worth $45,562,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Blair William & Co. IL raised its stake in JBT Marel by 23.2% during the 4th quarter. Blair William & Co. IL now owns 8,843 shares of the company’s stock valued at $1,332,000 after purchasing an additional 1,665 shares during the period. PEAK6 LLC purchased a new stake in shares of JBT Marel during the fourth quarter worth $5,584,000. MML Investors Services LLC raised its holdings in shares of JBT Marel by 7.0% during the fourth quarter. MML Investors Services LLC now owns 25,460 shares of the company’s stock worth $3,836,000 after acquiring an additional 1,669 shares in the last quarter. Nicholas Investment Partners LP purchased a new stake in shares of JBT Marel during the 4th quarter worth about $3,592,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of JBT Marel in the 4th quarter valued at approximately $1,154,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

JBT Marel Trading Up 2.8%

JBTM stock opened at $131.14 on Wednesday. The firm has a market cap of $6.83 billion, a P/E ratio of 40.98, a P/E/G ratio of 1.34 and a beta of 0.95. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $129.14 and its 200-day moving average is $142.70. JBT Marel Corporation has a 1-year low of $113.67 and a 1-year high of $170.19.

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 firm had revenue of $936.00 million during the quarter. During the same period in the prior year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities analysts anticipate that JBT Marel Corporation will post 8.26 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings downgraded JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Zacks Research cut JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen upgraded JBT Marel from a “hold” rating to a “buy” rating in a report on Saturday. Seaport Research Partners set a $165.00 price target on JBT Marel in a research report on Thursday, May 21st. Finally, Oppenheimer began 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 on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, JBT Marel has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

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.