Louisiana State Employees Retirement System Invests $2.94 Million in JBT Marel Corporation $JBTM

Louisiana State Employees Retirement System acquired a new position in shares of JBT Marel Corporation (NYSE:JBTM) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,000 shares of the company’s stock, valued at approximately $2,941,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. boosted its stake in JBT Marel by 34.3% during 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. Hsbc Holdings PLC raised its stake in shares of JBT Marel by 11.1% in the 4th quarter. Hsbc Holdings PLC now owns 89,312 shares of the company’s stock valued at $13,561,000 after acquiring an additional 8,913 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of JBT Marel by 53.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,317,389 shares of the company’s stock worth $198,492,000 after acquiring an additional 458,980 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of JBT Marel by 15.8% in the 4th quarter. Invesco Ltd. now owns 440,849 shares of the company’s stock worth $66,423,000 after acquiring an additional 60,083 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of JBT Marel by 39.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,214 shares of the company’s stock worth $334,000 after purchasing an additional 626 shares during the period. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

JBT Marel Price Performance

Shares of JBTM opened at $139.39 on Monday. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 43.56, a PEG ratio of 1.46 and a beta of 0.95. The firm’s fifty day simple moving average is $129.90 and its 200-day simple moving average is $142.30. JBT Marel Corporation has a twelve month low of $113.67 and a twelve month high of $170.19. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32.

JBT Marel (NYSE:JBTM) last issued its 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 firm had revenue of $936.00 million during the quarter. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. 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 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. Stockholders of record on Tuesday, May 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, May 26th. JBT Marel’s dividend payout ratio is currently 12.50%.

Wall Street Analyst Weigh In

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