Equitable Trust Co. Purchases Shares of 3,657 JBT Marel Corporation $JBTM

Equitable Trust Co. purchased a new position in JBT Marel Corporation (NYSE:JBTM) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,657 shares of the company’s stock, valued at approximately $468,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. acquired a new stake in JBT Marel during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC acquired a new position in JBT Marel in the 2nd quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of JBT Marel in the 2nd quarter worth approximately $29,000. Group One Trading LLC lifted its position in shares of JBT Marel by 49.3% in the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after acquiring an additional 72 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of JBT Marel by 34.4% during the 4th quarter. UMB Bank n.a. now owns 254 shares of the company’s stock worth $38,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

JBT Marel Price Performance

Shares of JBTM traded up $0.23 on Friday, hitting $136.80. The company’s stock had a trading volume of 278,806 shares, compared to its average volume of 587,393. The company has a market capitalization of $7.12 billion, a PE ratio of 42.75, a PEG ratio of 1.43 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61. JBT Marel Corporation has a fifty-two week low of $113.67 and a fifty-two week high of $170.19. The company has a 50 day moving average price of $132.43 and a 200 day moving average price of $141.71.

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

JBT Marel Dividend Announcement

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

Analysts Set New Price Targets

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