Sei Investments Co. Has $16.68 Million Stake in JBT Marel Corporation $JBTM

Sei Investments Co. raised its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 26.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,461 shares of the company’s stock after buying an additional 27,139 shares during the period. Sei Investments Co.’s holdings in JBT Marel were worth $16,682,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of JBT Marel in the 2nd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC bought a new position in shares of JBT Marel in the second quarter valued at approximately $28,000. First Trust Advisors LP acquired a new stake in shares of JBT Marel in the second quarter worth $4,285,000. Amundi bought a new stake in shares of JBT Marel during the 2nd quarter worth $974,000. Finally, Gamco Investors INC. ET AL acquired a new position in JBT Marel in the 2nd quarter valued at $1,173,000. Institutional investors own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

JBTM has been the subject of a number of research analyst reports. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research report on Thursday, May 21st. Weiss Ratings cut JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Zacks Research lowered JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Wall Street Zen lowered JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Finally, Oppenheimer began coverage on shares of JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, JBT Marel presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

JBT Marel Stock Down 3.5%

NYSE JBTM opened at $140.62 on Thursday. 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 moving average is $134.44 and its two-hundred day moving average is $140.05. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 1.53 and a beta of 0.94. JBT Marel Corporation has a 1-year low of $113.67 and a 1-year high of $170.19.

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

JBT Marel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, May 26th. JBT Marel’s dividend payout ratio is 12.50%.

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.