JBT Marel (NYSE:JBTM) Upgraded to Strong-Buy at KeyCorp

KeyCorp upgraded shares of JBT Marel (NYSE:JBTM) to a strong-buy rating in a research report sent to investors on Tuesday morning, MarketBeat reports. KeyCorp currently has $150.00 price objective on the stock.

Several other brokerages have also recently weighed in on JBTM. Zacks Research cut shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings lowered JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Wall Street Zen cut JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Oppenheimer assumed coverage on JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price objective on the stock. Finally, Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.50.

JBT Marel Stock Performance

JBTM stock opened at $118.28 on Tuesday. JBT Marel has a 12-month low of $113.23 and a 12-month high of $170.19. The stock’s 50 day simple moving average is $132.31 and its 200 day simple moving average is $135.38. The stock has a market capitalization of $6.14 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. The company had revenue of $981.00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. As a group, research analysts forecast that JBT Marel will post 8.05 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, August 17th. JBT Marel’s dividend payout ratio (DPR) is presently 10.90%.

Institutional Trading of JBT Marel

Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its position in shares of JBT Marel by 14,258.6% during the second quarter. California State Teachers Retirement System now owns 8,729,145 shares of the company’s stock valued at $1,265,726,000 after buying an additional 8,668,351 shares during the period. BlackRock Inc. bought a new position in JBT Marel in the second quarter worth approximately $1,150,221,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in JBT Marel by 3.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,863,321 shares of the company’s stock worth $280,747,000 after purchasing an additional 66,940 shares during the period. Price T Rowe Associates Inc. MD raised its position in JBT Marel by 19.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,458,953 shares of the company’s stock valued at $219,821,000 after purchasing an additional 233,914 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of JBT Marel by 53.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,317,389 shares of the company’s stock worth $198,492,000 after buying an additional 458,980 shares during the period. 98.92% of the stock is currently owned by institutional investors.

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.