Walleye Capital LLC Buys Shares of 27,265 JBT Marel Corporation $JBTM

Walleye Capital LLC purchased a new position in shares of JBT Marel Corporation (NYSE:JBTM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 27,265 shares of the company’s stock, valued at approximately $3,953,000.

A number of other hedge funds also recently modified their holdings of the business. Eurizon Capital SGR S.p.A. bought a new stake in JBT Marel during the 4th quarter worth approximately $25,000. Group One Trading LLC increased its holdings in JBT Marel by 49.3% during the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares in the last quarter. Parallel Advisors LLC increased its holdings in JBT Marel by 1,211.8% during the 1st quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock worth $29,000 after purchasing an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of JBT Marel in the 2nd quarter valued at about $28,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JBT Marel in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

JBT Marel Price Performance

NYSE:JBTM opened at $120.33 on Friday. The stock has a market capitalization of $6.24 billion, a PE ratio of 32.79, a P/E/G ratio of 1.30 and a beta of 0.94. JBT Marel Corporation has a 1-year low of $113.67 and a 1-year high of $170.19. The firm has a fifty day simple moving average of $133.48 and a 200 day simple moving average of $137.65. 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 quarterly earnings data on Monday, August 3rd. The company reported $1.95 EPS 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 firm had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, research analysts expect that JBT Marel Corporation will post 8.05 EPS 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. The ex-dividend date is Monday, August 17th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s dividend payout ratio is currently 10.90%.

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.