Legato Capital Management LLC Has $2.43 Million Position in JBT Marel Corporation $JBTM

Legato Capital Management LLC boosted its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 78.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,118 shares of the company’s stock after buying an additional 7,078 shares during the quarter. Legato Capital Management LLC’s holdings in JBT Marel were worth $2,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. acquired a new position in JBT Marel during the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new position in JBT Marel during the 2nd quarter worth about $28,000. CI Investments Inc. lifted its holdings in JBT Marel by 69.2% during the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after buying an additional 83 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in JBT Marel during the 2nd quarter worth about $29,000. Finally, Group One Trading LLC lifted its holdings in JBT Marel by 49.3% during the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after buying an additional 72 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Brian A. Deck sold 8,634 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $150.51, for a total value of $1,299,503.34. Following the completion of the sale, the chief executive officer directly owned 127,667 shares of the company’s stock, valued at $19,215,160.17. The trade was a 6.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JBTM. Weiss Ratings raised JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Oppenheimer began coverage on JBT Marel in a research report on Thursday. They issued an “outperform” rating and a $175.00 price objective for the company. Seaport Research Partners set a $165.00 price objective on JBT Marel in a research report on Thursday. Finally, Zacks Research lowered JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.67.

JBT Marel Stock Performance

Shares of JBT Marel stock opened at $132.11 on Friday. JBT Marel Corporation has a one year low of $111.07 and a one year high of $170.19. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 1.38 and a beta of 0.92. The business has a 50-day simple moving average of $129.24 and a 200 day simple moving average of $143.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61.

JBT Marel (NYSE:JBTM) last issued its earnings results on Monday, May 4th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The business had revenue of $936.00 million during the quarter. During the same period in the previous year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, research analysts anticipate that JBT Marel Corporation will post 8.26 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be 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 of this dividend is Tuesday, May 26th. JBT Marel’s payout ratio is presently 12.50%.

About JBT Marel

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.