JBT Marel Corporation $JBTM Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 11.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,312 shares of the company’s stock after purchasing an additional 8,913 shares during the period. Hsbc Holdings PLC owned 0.17% of JBT Marel worth $13,561,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lighthouse Investment Partners LLC boosted its stake in JBT Marel by 48.8% during the third quarter. Lighthouse Investment Partners LLC now owns 37,679 shares of the company’s stock worth $5,292,000 after buying an additional 12,349 shares during the last quarter. Linden Advisors LP acquired a new stake in shares of JBT Marel in the 3rd quarter worth $12,149,000. Congress Asset Management Co. increased its stake in shares of JBT Marel by 5.6% in the 4th quarter. Congress Asset Management Co. now owns 493,139 shares of the company’s stock worth $74,301,000 after acquiring an additional 26,161 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in shares of JBT Marel by 6.9% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 428,142 shares of the company’s stock worth $60,133,000 after acquiring an additional 27,767 shares during the period. Finally, Artisan Partners Limited Partnership raised its holdings in shares of JBT Marel by 8.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 663,523 shares of the company’s stock worth $93,192,000 after acquiring an additional 51,576 shares during the period. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBTM has been the subject of a number of analyst reports. Zacks Research lowered shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research note on Thursday, May 21st. Weiss Ratings lowered shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. 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 price target for the company. Finally, Wall Street Zen downgraded shares of JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $174.67.

JBT Marel Stock Performance

Shares of JBT Marel stock opened at $137.59 on Friday. JBT Marel Corporation has a 52 week low of $113.67 and a 52 week high of $170.19. The business’s fifty day simple moving average is $129.71 and its 200-day simple moving average is $142.30. The firm has a market cap of $7.16 billion, a PE ratio of 43.00, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.32.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, topping 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 firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities analysts forecast that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Announces Dividend

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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, May 26th. JBT Marel’s dividend payout ratio (DPR) is 12.50%.

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.