JBT Marel Corporation $JBTM Position Lowered by Congress Asset Management Co.

Congress Asset Management Co. reduced its position in JBT Marel Corporation (NYSE:JBTM) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 598,050 shares of the company’s stock after selling 5,972 shares during the quarter. Congress Asset Management Co.’s holdings in JBT Marel were worth $63,148,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Walleye Capital LLC acquired a new stake in JBT Marel in the 2nd quarter valued at $3,953,000. Bank of America Corp DE raised its position in JBT Marel by 2.3% in the first quarter. Bank of America Corp DE now owns 466,741 shares of the company’s stock valued at $59,682,000 after purchasing an additional 10,714 shares during the period. Legal & General Group Plc acquired a new position in shares of JBT Marel during the second quarter worth about $45,764,000. Corient Private Wealth LP acquired a new position in shares of JBT Marel during the second quarter worth about $1,771,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of JBT Marel in the second quarter worth about $1,389,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of JBT Marel in a research note on Wednesday, September 2nd. Robert W. Baird reduced their price target on JBT Marel from $188.00 to $171.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Wall Street Zen cut JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Barclays initiated coverage on shares of JBT Marel in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, KeyCorp began coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 target price on the stock. Five 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 stock has a consensus rating of “Moderate Buy” and an average price target of $165.20.

JBT Marel Stock Performance

Shares of NYSE JBTM traded down $1.23 during midday trading on Tuesday, hitting $108.53. The company’s stock had a trading volume of 310,573 shares, compared to its average volume of 562,266. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24. JBT Marel Corporation has a 1-year low of $104.45 and a 1-year high of $170.19. The firm’s fifty day moving average price is $118.10 and its 200-day moving average price is $126.85. The firm has a market cap of $5.63 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.20 and a beta of 0.94.

JBT Marel (NYSE:JBTM) last released its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.07). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The business had revenue of $981.00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, sell-side analysts forecast that JBT Marel Corporation will post 8.04 EPS for the current fiscal year.

JBT Marel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. JBT Marel’s dividend payout ratio is 10.90%.

About JBT Marel

JBT Marel Corporation (NYSE:JBTM) is a global food and beverage technology company formed through the combination of JBT Corporation and Marel. The company develops equipment, integrated processing lines and software designed to help food producers automate operations, improve productivity and support food safety and sustainability.

Its products and services serve a broad range of food-processing markets, including poultry, meat, seafood, prepared foods, fruit and vegetables, dairy and pet food.