JBT Marel (NYSE:JBTM) Reaches New 1-Year High – Should You Buy?

Shares of JBT Marel Corporation (NYSE:JBTM) hit a new 52-week high on Wednesday . The stock traded as high as $158.00 and last traded at $156.92, with a volume of 255510 shares trading hands. The stock had previously closed at $154.17.

Analyst Ratings Changes

JBTM has been the topic of several analyst reports. 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 price objective on shares of JBT Marel in a research note on Friday, October 3rd. Finally, Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and lifted their target price for the stock from $150.00 to $180.00 in a research note on Wednesday, December 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, JBT Marel currently has an average rating of “Moderate Buy” and a consensus target price of $164.00.

JBT Marel Stock Down 2.2%

The stock has a fifty day moving average price of $145.26 and a 200-day moving average price of $138.76. The firm has a market cap of $8.11 billion, a PE ratio of -69.70, a PEG ratio of 1.54 and a beta of 1.00. 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 (NYSE:JBTM) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.51 by $0.43. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $936.75 million. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The company’s revenue was up 120.6% compared to the same quarter last year. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. Research analysts expect that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Dividend Announcement

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

Insider Buying and Selling

In other JBT Marel news, Director Olafur S. Gudmundsson sold 20,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,832,964.20. The trade was a 50.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On JBT Marel

Several hedge funds have recently modified their holdings of JBTM. Salomon & Ludwin LLC purchased a new position in JBT Marel in the 3rd quarter worth approximately $25,000. First Horizon Corp purchased a new stake in shares of JBT Marel during the third quarter valued at approximately $27,000. UMB Bank n.a. acquired a new position in shares of JBT Marel during the third quarter worth $27,000. Steward Partners Investment Advisory LLC acquired a new position in shares of JBT Marel during the second quarter worth $28,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of JBT Marel in the second quarter valued at $28,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

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.