JBT Marel Corporation $JBTM Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 20.0% in the third quarter, Holdings Channel reports. The firm owned 521,187 shares of the company’s stock after selling 130,654 shares during the period. Victory Capital Management Inc.’s holdings in JBT Marel were worth $73,201,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, Director Olafur S. Gudmundsson sold 10,000 shares of the 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 completion of the transaction, the director owned 9,980 shares of the company’s stock, valued at $1,497,898.20. This represents a 50.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian A. Deck sold 10,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $151.39, for a total value of $1,513,900.00. Following the completion of the transaction, the chief executive officer owned 136,301 shares of the company’s stock, valued at $20,634,608.39. This represents a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,634 shares of company stock valued at $4,314,303 in the last three months. 0.69% of the stock is owned by insiders.

JBT Marel Trading Down 1.4%

NYSE:JBTM opened at $152.76 on Friday. The company has a market cap of $7.94 billion, a P/E ratio of -151.25, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $170.19. The business has a 50 day moving average price of $158.50 and a two-hundred day moving average price of $146.58. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 0.33.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.98 earnings per share 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 firm had revenue of $1.01 billion for the quarter. During the same period last year, the firm earned $1.70 EPS. The firm’s revenue for the quarter 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. As a group, analysts expect that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

JBT Marel Announces Dividend

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

Wall Street Analysts Forecast Growth

JBTM has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and increased their price target for the stock from $150.00 to $180.00 in a research report on Wednesday, December 10th. Finally, Zacks Research upgraded JBT Marel from a “hold” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “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.