JBT Marel Corporation $JBTM Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC increased its position in shares of JBT Marel Corporation (NYSE:JBTM) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 284,324 shares of the company’s stock after acquiring an additional 38,430 shares during the quarter. Voya Investment Management LLC owned approximately 0.55% of JBT Marel worth $39,933,000 as of its most recent filing with the Securities and Exchange Commission.

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

JBT Marel Stock Up 1.7%

Shares of NYSE:JBTM opened at $154.39 on Friday. The firm has a market capitalization of $8.02 billion, a PE ratio of -68.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.01. JBT Marel Corporation has a 1 year low of $90.08 and a 1 year high of $156.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.93 and a quick ratio of 0.53. The firm’s 50-day moving average is $138.86 and its two-hundred day moving average is $135.56.

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.43. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $936.75 million. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The firm’s 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. Analysts predict that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be 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 is Monday, December 15th. JBT Marel’s payout ratio is presently -17.86%.

Insider Transactions at JBT Marel

In other JBT Marel news, Director Olafur S. Gudmundsson sold 10,000 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $150.09, for a total value of $1,500,900.00. Following the sale, the director owned 9,980 shares of the company’s stock, valued at $1,497,898.20. This trade represents a 50.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on JBTM shares. Jefferies Financial Group raised JBT Marel from a “hold” rating to a “buy” rating and raised their price objective for the stock from $150.00 to $180.00 in a research report on Wednesday, December 10th. Robert W. Baird set a $169.00 price target on shares of JBT Marel in a research report on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.00.

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.