Summit Global Investments Buys Shares of 4,043 JBT Marel Corporation $JBTM

Summit Global Investments purchased a new position in JBT Marel Corporation (NYSE:JBTM) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 4,043 shares of the company’s stock, valued at approximately $517,000.

Other hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. bought a new position in shares of JBT Marel during the 2nd quarter valued at about $135,854,000. Gildi lifeyrissjodur bought a new stake in JBT Marel during the 4th quarter worth approximately $170,862,000. Norges Bank acquired a new stake in JBT Marel during the 4th quarter worth approximately $98,435,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in JBT Marel during the 2nd quarter worth approximately $77,963,000. Finally, P2 Capital Partners LLC bought a new position in JBT Marel in the second quarter valued at approximately $65,536,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on JBTM shares. Wall Street Zen cut shares of JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Weiss Ratings lowered shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Zacks Research cut shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research note on Thursday, May 21st. Finally, Oppenheimer began coverage on JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, JBT Marel presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

JBT Marel Trading Up 1.9%

NYSE:JBTM opened at $134.96 on Thursday. The company has a market cap of $7.03 billion, a P/E ratio of 42.17, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. JBT Marel Corporation has a twelve month low of $113.67 and a twelve month high of $170.19. The business has a 50 day moving average price of $133.08 and a two-hundred day moving average price of $140.58. 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 (NYSE:JBTM) last announced its quarterly earnings data on Monday, May 4th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. The business had revenue of $936.00 million for the quarter. During the same period in the prior year, the firm earned $0.97 EPS. The business’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. As a group, analysts expect that JBT Marel Corporation will post 8.26 EPS for the current fiscal year.

JBT Marel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, May 26th. JBT Marel’s dividend payout ratio is currently 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.