Squarepoint Ops LLC Has $4.56 Million Position in JBT Marel Corporation $JBTM

Squarepoint Ops LLC grew its holdings in JBT Marel Corporation (NYSE:JBTM) by 344.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,889 shares of the company’s stock after buying an additional 29,358 shares during the quarter. Squarepoint Ops LLC’s holdings in JBT Marel were worth $4,557,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new stake in JBT Marel in the second quarter valued at about $28,000. EverSource Wealth Advisors LLC acquired a new stake in JBT Marel during the second quarter valued at approximately $28,000. JTC Employer Solutions Trustee Ltd acquired a new stake in JBT Marel during the second quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $29,000. Finally, Allworth Financial LP acquired a new position in shares of JBT Marel in the 2nd quarter worth approximately $30,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on JBTM. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research note on Wednesday, October 8th. Robert W. Baird set a $169.00 target price on shares of JBT Marel in a research note on Friday, October 3rd. Finally, Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and increased their target price for the stock from $150.00 to $180.00 in a research report on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, JBT Marel has a consensus rating of “Moderate Buy” and a consensus price target of $164.00.

Insiders Place Their Bets

In other JBT Marel news, Director Olafur S. Gudmundsson sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $141.79, for a total transaction of $2,835,800.00. Following the transaction, the director owned 19,980 shares of the company’s stock, valued at approximately $2,832,964.20. This represents a 50.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

JBT Marel Stock Performance

Shares of NYSE:JBTM opened at $155.15 on Tuesday. The business has a fifty day moving average of $137.94 and a 200-day moving average of $134.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.53 and a current ratio of 0.93. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $156.46. The firm has a market cap of $8.06 billion, a PE ratio of -69.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.00.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, November 3rd. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.43. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $936.75 million. The business’s quarterly revenue was up 120.6% on a year-over-year basis. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. On average, equities research analysts predict that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

JBT Marel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is currently -17.86%.

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.