JBT Marel (NYSE:JBTM) Reaches New 52-Week Low – What’s Next?

JBT Marel Corporation (NYSE:JBTM) shares hit a new 52-week low during trading on Wednesday. The company traded as low as $104.36 and last traded at $104.6460, with a volume of 220245 shares changing hands. The stock had previously closed at $108.69.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. KeyCorp began coverage on shares of JBT Marel in a report on Tuesday, August 25th. They issued an “overweight” rating and a $150.00 price target on the stock. Wall Street Zen downgraded shares of JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Robert W. Baird decreased their price target on shares of JBT Marel from $188.00 to $171.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of JBT Marel in a research note on Wednesday, September 2nd. Finally, Barclays initiated coverage on JBT Marel in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $150.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.20.

JBT Marel Stock Performance

The company has a market capitalization of $5.43 billion, a PE ratio of 28.46, a PEG ratio of 1.21 and a beta of 0.94. The firm’s 50-day simple moving average is $117.36 and its 200-day simple moving average is $126.70. 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 posted its earnings results on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, research analysts predict that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, August 17th. JBT Marel’s dividend payout ratio (DPR) is currently 10.90%.

Hedge Funds Weigh In On JBT Marel

Large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in shares of JBT Marel by 1,211.8% in the first quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $29,000 after buying an additional 206 shares during the last quarter. Transamerica Financial Advisors LLC acquired a new stake in JBT Marel during the second quarter worth about $41,000. Public Employees Retirement System of Ohio purchased a new position in JBT Marel in the second quarter worth approximately $50,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of JBT Marel in the 2nd quarter valued at $51,000. Finally, State of Wyoming acquired a new position in JBT Marel in the second quarter valued at about $75,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

JBT Marel Company Profile

JBT Marel Corporation (NYSE:JBTM) is a global food and beverage technology company formed through the combination of JBT Corporation and Marel. The company develops equipment, integrated processing lines and software designed to help food producers automate operations, improve productivity and support food safety and sustainability.

Its products and services serve a broad range of food-processing markets, including poultry, meat, seafood, prepared foods, fruit and vegetables, dairy and pet food.