Conestoga Capital Advisors LLC Raises Stock Position in JBT Marel Corporation $JBTM

Conestoga Capital Advisors LLC lifted its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,415 shares of the company’s stock after acquiring an additional 5,813 shares during the quarter. Conestoga Capital Advisors LLC owned about 0.37% of JBT Marel worth $24,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Peregrine Capital Management LLC increased its holdings in JBT Marel by 13.5% in the 1st quarter. Peregrine Capital Management LLC now owns 87,460 shares of the company’s stock valued at $11,184,000 after purchasing an additional 10,384 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of JBT Marel by 30.5% during the first quarter. Inspire Investing LLC now owns 4,027 shares of the company’s stock worth $515,000 after purchasing an additional 942 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of JBT Marel by 3.5% during the first quarter. Pictet Asset Management Holding SA now owns 8,272 shares of the company’s stock worth $1,058,000 after purchasing an additional 282 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of JBT Marel during the first quarter worth about $2,941,000. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of JBT Marel by 34.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 664,550 shares of the company’s stock worth $84,976,000 after buying an additional 169,655 shares during the period. 98.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JBTM shares. Zacks Research lowered JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings lowered JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Wall Street Zen downgraded shares of JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Seaport Research Partners set a $165.00 price objective on shares of JBT Marel in a research report on Thursday, May 21st. Finally, Oppenheimer began coverage on shares of JBT Marel in a research note on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective on the stock. 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, JBT Marel currently has a consensus rating of “Moderate Buy” and an average price target of $174.67.

JBT Marel Stock Up 0.1%

Shares of JBT Marel stock opened at $145.09 on Thursday. JBT Marel Corporation has a 1-year low of $113.67 and a 1-year high of $170.19. The company has a market capitalization of $7.55 billion, a PE ratio of 45.34, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61. The business has a 50-day moving average of $130.63 and a 200-day moving average of $142.19.

JBT Marel (NYSE:JBTM) last released its quarterly 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 business 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 company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, equities analysts forecast that JBT Marel Corporation will post 8.26 EPS for the current fiscal year.

JBT Marel Dividend Announcement

The firm 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 was Tuesday, May 26th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s payout ratio is currently 12.50%.

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.