Norges Bank Acquires Shares of 653,312 JBT Marel Corporation $JBTM

Norges Bank acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 653,312 shares of the company’s stock, valued at approximately $98,435,000.

A number of other hedge funds have also recently bought and sold shares of the business. Park Avenue Securities LLC grew its stake in JBT Marel by 1.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,576 shares of the company’s stock valued at $991,000 after purchasing an additional 66 shares in the last quarter. Group One Trading LLC raised its stake in shares of JBT Marel by 49.3% in the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after purchasing an additional 72 shares in the last quarter. CI Investments Inc. raised its stake in shares of JBT Marel by 69.2% in the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of JBT Marel by 15.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 741 shares of the company’s stock valued at $102,000 after purchasing an additional 99 shares in the last quarter. Finally, Redmond Asset Management LLC raised its stake in shares of JBT Marel by 1.3% in the 4th quarter. Redmond Asset Management LLC now owns 7,788 shares of the company’s stock valued at $1,173,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Trading Down 0.9%

Shares of NYSE JBTM opened at $124.14 on Friday. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 38.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.95. JBT Marel Corporation has a 12-month low of $113.67 and a 12-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. The stock’s 50 day simple moving average is $129.35 and its 200 day simple moving average is $143.27.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.09. The business had revenue of $936.00 million for the quarter. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities research analysts expect that JBT Marel Corporation will post 8.26 EPS for the current year.

JBT Marel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, May 26th. JBT Marel’s dividend payout ratio (DPR) is currently 12.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JBTM shares. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research note on Thursday, May 21st. Oppenheimer began coverage on JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price for the company. Zacks Research lowered JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings upgraded JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.67.

JBT Marel 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.