Intech Investment Management LLC Increases Stake in JBT Marel Corporation $JBTM

Intech Investment Management LLC boosted its stake in JBT Marel Corporation (NYSE:JBTM) by 46.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,489 shares of the company’s stock after buying an additional 9,651 shares during the period. Intech Investment Management LLC’s holdings in JBT Marel were worth $4,594,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Redmond Asset Management LLC grew its position in shares of JBT Marel by 1.3% in the 4th quarter. Redmond Asset Management LLC now owns 7,788 shares of the company’s stock worth $1,173,000 after buying an additional 101 shares during the last quarter. Geode Capital Management LLC grew its position in shares of JBT Marel by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,246,584 shares of the company’s stock worth $187,855,000 after buying an additional 8,291 shares during the last quarter. Royce & Associates LP grew its position in shares of JBT Marel by 4.4% in the 4th quarter. Royce & Associates LP now owns 668,588 shares of the company’s stock worth $100,736,000 after buying an additional 28,335 shares during the last quarter. Legato Capital Management LLC grew its position in shares of JBT Marel by 78.3% in the 4th quarter. Legato Capital Management LLC now owns 16,118 shares of the company’s stock worth $2,428,000 after buying an additional 7,078 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of JBT Marel by 7.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,537 shares of the company’s stock worth $533,000 after buying an additional 236 shares during the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Trading Up 0.1%

NYSE JBTM opened at $134.47 on Monday. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. JBT Marel Corporation has a twelve month low of $111.97 and a twelve month high of $170.19. The firm has a market capitalization of $7.00 billion, a PE ratio of 42.02, a P/E/G ratio of 1.41 and a beta of 0.95. The stock’s 50 day moving average is $129.49 and its 200 day moving average is $143.71.

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

JBT Marel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s payout ratio is currently 12.50%.

Insider Buying and Selling at JBT Marel

In related news, CEO Brian A. Deck sold 8,634 shares of JBT Marel stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $150.51, for a total transaction of $1,299,503.34. Following the sale, the chief executive officer directly owned 127,667 shares in the company, valued at $19,215,160.17. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Oppenheimer assumed coverage on JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price objective on the stock. Seaport Research Partners set a $165.00 price objective on JBT Marel in a research report on Thursday, May 21st. Zacks Research lowered JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings upgraded JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

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.