JBT Marel (NYSE:JBTM) CEO Sells $1,513,900.00 in Stock

JBT Marel Corporation (NYSE:JBTM) CEO Brian Deck sold 10,000 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $151.39, for a total value of $1,513,900.00. Following the completion of the transaction, the chief executive officer directly owned 136,301 shares in the company, valued at approximately $20,634,608.39. This represents a 6.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

JBT Marel Trading Up 1.2%

Shares of JBTM traded up $1.80 during trading hours on Wednesday, reaching $154.87. The stock had a trading volume of 427,157 shares, compared to its average volume of 537,351. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company has a market cap of $8.05 billion, a P/E ratio of -153.34, a P/E/G ratio of 1.64 and a beta of 0.97. The firm has a 50-day moving average of $158.55 and a 200 day moving average of $146.47. JBT Marel Corporation has a 52 week low of $90.08 and a 52 week high of $170.19.

JBT Marel (NYSE:JBTM) last released its quarterly earnings data on Monday, February 23rd. The company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.06. The company had revenue of $1.01 billion during the quarter. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The business’s quarterly revenue was up 115.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, sell-side analysts expect that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued 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, March 9th. JBT Marel’s dividend payout ratio is -39.60%.

Institutional Trading of JBT Marel

A number of hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. increased its stake in shares of JBT Marel by 53.5% in the fourth 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 period. Invesco Ltd. raised its position in JBT Marel by 15.8% in the fourth quarter. Invesco Ltd. now owns 440,849 shares of the company’s stock valued at $66,423,000 after purchasing an additional 60,083 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of JBT Marel by 39.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,214 shares of the company’s stock valued at $334,000 after buying an additional 626 shares in the last quarter. State of Tennessee Department of Treasury increased its position in shares of JBT Marel by 6.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 18,653 shares of the company’s stock worth $2,934,000 after acquiring an additional 1,119 shares during the period. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of JBT Marel in the 4th quarter valued at approximately $226,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on JBTM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research note on Thursday, January 22nd. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and lifted their price target for the company from $150.00 to $180.00 in a research report on Wednesday, December 10th. Finally, Zacks Research upgraded shares of JBT Marel from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $174.50.

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.