Bessemer Group Inc. Sells 191,166 Shares of JBT Marel Corporation $JBTM

Bessemer Group Inc. trimmed its position in shares of JBT Marel Corporation (NYSE:JBTM) by 49.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,601 shares of the company’s stock after selling 191,166 shares during the quarter. Bessemer Group Inc.’s holdings in JBT Marel were worth $25,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of JBT Marel by 34.4% in the 4th quarter. UMB Bank n.a. now owns 254 shares of the company’s stock worth $38,000 after acquiring an additional 65 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of JBT Marel by 1.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,576 shares of the company’s stock valued at $991,000 after purchasing an additional 66 shares in the last quarter. Main Management ETF Advisors LLC lifted its position in shares of JBT Marel by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 7,047 shares of the company’s stock valued at $1,062,000 after purchasing an additional 72 shares in the last quarter. Group One Trading LLC boosted its holdings 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. Finally, Redmond Asset Management LLC boosted its holdings in JBT Marel by 1.3% during the fourth quarter. Redmond Asset Management LLC now owns 7,788 shares of the company’s stock worth $1,173,000 after purchasing an additional 101 shares during the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Trading Down 3.2%

NYSE JBTM opened at $134.29 on Friday. The business’s fifty day moving average is $132.81 and its 200-day moving average is $141.07. 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 stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 1.41 and a beta of 0.94. JBT Marel Corporation has a one year low of $113.67 and a one year high of $170.19.

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, 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 company had revenue of $936.00 million during the quarter. During the same quarter in the previous year, the company posted $0.97 EPS. JBT Marel’s quarterly revenue was up 9.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities research analysts predict that JBT Marel Corporation will post 8.26 EPS for the current year.

JBT Marel Dividend Announcement

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

Analysts Set New Price Targets

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