Royce & Associates LP Trims Stock Position in JBT Marel Corporation $JBTM

Royce & Associates LP cut its holdings in JBT Marel Corporation (NYSE:JBTM) by 7.9% during the third quarter, Holdings Channel.com reports. The fund owned 640,253 shares of the company’s stock after selling 54,931 shares during the period. JBT Marel comprises about 0.9% of Royce & Associates LP’s holdings, making the stock its 3rd largest holding. Royce & Associates LP’s holdings in JBT Marel were worth $89,924,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in shares of JBT Marel during the third quarter worth $25,000. First Horizon Corp bought a new position in JBT Marel during the third quarter worth about $27,000. UMB Bank n.a. acquired a new position in shares of JBT Marel during the 3rd quarter worth about $27,000. Steward Partners Investment Advisory LLC bought a new stake in shares of JBT Marel in the 2nd quarter valued at about $28,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel in the 2nd quarter valued at about $28,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Stock Performance

JBTM opened at $153.94 on Friday. The business’s 50-day simple moving average is $158.61 and its 200 day simple moving average is $146.27. JBT Marel Corporation has a 52-week low of $90.08 and a 52-week high of $170.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.53 and a current ratio of 0.98. The firm has a market capitalization of $8.00 billion, a PE ratio of -152.42, a PEG ratio of 1.36 and a beta of 1.01.

JBT Marel (NYSE:JBTM) last issued its earnings results on Monday, February 23rd. The company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.06. The business had revenue of $1.01 billion for the quarter. JBT Marel had a negative net margin of 1.33% and a positive return on equity of 7.68%. JBT Marel’s quarterly revenue was up 115.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, 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. Stockholders of record on Monday, March 9th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. JBT Marel’s payout ratio is currently -39.60%.

Insider Activity at JBT Marel

In other news, Director Olafur S. Gudmundsson sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $150.09, for a total value of $1,500,900.00. Following the transaction, the director owned 9,980 shares of the company’s stock, valued at approximately $1,497,898.20. This represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JBTM. Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Jefferies Financial Group upgraded JBT Marel from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $180.00 in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.