Intech Investment Management LLC Raises Stock Holdings in JBT Marel Corporation $JBTM

Intech Investment Management LLC lifted its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 46.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,489 shares of the company’s stock after purchasing an additional 9,651 shares during the quarter. Intech Investment Management LLC owned 0.06% of JBT Marel worth $4,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. purchased a new position in shares of JBT Marel during the third quarter worth about $27,000. EverSource Wealth Advisors LLC purchased a new position in shares of JBT Marel during the second quarter worth about $28,000. CI Investments Inc. grew its holdings in shares of 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 in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of JBT Marel during the second quarter worth about $29,000. Finally, Group One Trading LLC grew its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

JBT Marel Price Performance

Shares of JBT Marel stock opened at $134.47 on Monday. 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’s 50 day simple moving average is $129.49 and its two-hundred day simple moving average is $143.71. The stock has a market capitalization of $7.00 billion, a P/E ratio of 42.02, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95. JBT Marel Corporation has a one year low of $111.97 and a one year high of $170.19.

JBT Marel (NYSE:JBTM) last announced 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 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%.JBT Marel’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Analysts forecast that JBT Marel Corporation will post 8.26 EPS for the current year.

JBT Marel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be 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 of this dividend is Tuesday, May 26th. JBT Marel’s payout ratio is 12.50%.

Analysts Set New Price Targets

JBTM has been the topic of a number of research reports. Oppenheimer initiated coverage on JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective on the stock. Seaport Research Partners set a $165.00 price objective on JBT Marel in a report on Thursday, May 21st. Zacks Research cut JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings raised JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, JBT Marel currently has an average rating of “Moderate Buy” and a consensus price target of $174.67.

Insider Buying and Selling

In other JBT Marel news, CEO Brian A. Deck sold 8,634 shares of JBT Marel stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $150.51, for a total value of $1,299,503.34. Following the transaction, the chief executive officer directly owned 127,667 shares of the company’s stock, valued at $19,215,160.17. The trade was a 6.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is owned by company insiders.

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.