JBT Marel (NYSE:JBTM) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of JBT Marel (NYSE:JBTM) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

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

JBT Marel Price Performance

Shares of JBTM stock opened at $153.01 on Monday. JBT Marel has a 12-month low of $90.08 and a 12-month high of $170.19. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of -151.50, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97. 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 firm has a fifty day moving average of $158.55 and a 200-day moving average of $146.47.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.92 by $0.06. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The business had revenue of $1.01 billion for the quarter. During the same period in the previous year, the business posted $1.70 EPS. The business’s quarterly revenue was up 115.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, equities research analysts forecast that JBT Marel will post 5.21 earnings per share for the current year.

JBT Marel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. JBT Marel’s dividend payout ratio (DPR) is currently -39.60%.

Insider Activity

In other news, Director Olafur S. Gudmundsson sold 10,000 shares of JBT Marel stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $150.09, for a total value of $1,500,900.00. Following the sale, the director directly owned 9,980 shares in the company, valued at $1,497,898.20. This trade 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 is available at the SEC website. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its position in JBT Marel by 34.4% during the 4th quarter. UMB Bank n.a. now owns 254 shares of the company’s stock worth $38,000 after buying an additional 65 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of JBT Marel by 1.0% in the 4th quarter. Park Avenue Securities LLC now owns 6,576 shares of the company’s stock valued at $991,000 after acquiring an additional 66 shares in the last quarter. Main Management ETF Advisors LLC increased its position in shares of JBT Marel by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 7,047 shares of the company’s stock valued at $1,062,000 after acquiring an additional 72 shares during the last quarter. Group One Trading LLC raised its holdings in JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after acquiring an additional 72 shares in the last quarter. Finally, CI Investments Inc. raised its holdings in JBT Marel by 69.2% during the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after acquiring an additional 83 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

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.