Sterling Capital Management LLC Has $866,000 Position in JBT Marel Corporation $JBTM

Sterling Capital Management LLC lessened its stake in JBT Marel Corporation (NYSE:JBTM) by 44.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,775 shares of the company’s stock after selling 5,412 shares during the period. Sterling Capital Management LLC’s holdings in JBT Marel were worth $866,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in JBT Marel by 3.7% in 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 valued at $280,747,000 after acquiring an additional 66,940 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of JBT Marel by 19.1% during the fourth 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 during the period. T. Rowe Price Investment Management Inc. increased its position in shares of JBT Marel by 53.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,317,389 shares of the company’s stock valued at $198,492,000 after purchasing an additional 458,980 shares during the period. Geode Capital Management LLC raised its stake in shares of JBT Marel by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,246,584 shares of the company’s stock valued at $187,855,000 after purchasing an additional 8,291 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of JBT Marel in the second quarter valued at $135,854,000. 98.92% of the stock is owned by institutional investors and hedge funds.

JBT Marel Stock Performance

JBT Marel stock opened at $145.05 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61. The stock has a fifty day moving average price of $130.40 and a two-hundred day moving average price of $142.26. JBT Marel Corporation has a 52-week low of $113.67 and a 52-week high of $170.19. The firm has a market capitalization of $7.55 billion, a P/E ratio of 45.33, a P/E/G ratio of 1.48 and a beta of 0.95.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, May 4th. The company reported $1.58 earnings per share (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 company had revenue of $936.00 million during the quarter. During the same period in the previous year, the business posted $0.97 earnings per share. The firm’s revenue 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. As a group, analysts anticipate that JBT Marel Corporation will post 8.26 EPS for the current fiscal year.

JBT Marel Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JBTM. Weiss Ratings lowered shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Oppenheimer started coverage on shares of JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective for the company. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research report on Thursday, May 21st. Wall Street Zen cut shares of JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Finally, Zacks Research lowered shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Three 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 company has an average rating of “Moderate Buy” and an average target price 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.