Granite Investment Partners LLC Sells 6,313 Shares of JBT Marel Corporation $JBTM

Granite Investment Partners LLC trimmed its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 20.0% during the third quarter, HoldingsChannel reports. The firm owned 25,298 shares of the company’s stock after selling 6,313 shares during the quarter. Granite Investment Partners LLC’s holdings in JBT Marel were worth $3,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBTM. OneDigital Investment Advisors LLC bought a new position in JBT Marel during the third quarter valued at about $812,000. Personal CFO Solutions LLC raised its position in JBT Marel by 24.3% in the third quarter. Personal CFO Solutions LLC now owns 2,100 shares of the company’s stock worth $295,000 after acquiring an additional 411 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in JBT Marel in the third quarter valued at about $223,000. Kovack Advisors Inc. bought a new position in shares of JBT Marel during the 3rd quarter valued at approximately $652,000. Finally, Vanguard Group Inc. grew its position in shares of JBT Marel by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,539,674 shares of the company’s stock valued at $778,047,000 after acquiring an additional 56,115 shares during the period. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Price Performance

JBTM opened at $163.70 on Tuesday. The firm has a 50-day moving average price of $158.17 and a 200-day moving average price of $145.75. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $170.19. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of -73.08, a PEG ratio of 1.61 and a beta of 1.01.

JBT Marel (NYSE:JBTM) last released 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 negative net margin of 3.39% and a positive return on equity of 7.88%. The company had revenue of $1.01 billion during the quarter. During the same period last year, the business posted $1.70 earnings per share. The firm’s quarterly revenue was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities analysts expect that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, December 15th. JBT Marel’s dividend payout ratio (DPR) is presently -17.86%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $180.00 in a report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.50.

Insider Buying and Selling at JBT Marel

In related news, Director Olafur S. Gudmundsson sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $141.79, for a total transaction of $2,835,800.00. Following the sale, the director directly owned 19,980 shares in the company, valued at approximately $2,832,964.20. The trade was a 50.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

JBT Marel 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.