Hsbc Holdings PLC Sells 6,302 Shares of JBT Marel Corporation $JBTM

Hsbc Holdings PLC cut its stake in JBT Marel Corporation (NYSE:JBTM) by 12.1% in the second quarter, Holdings Channel.com reports. The firm owned 45,994 shares of the company’s stock after selling 6,302 shares during the quarter. Hsbc Holdings PLC’s holdings in JBT Marel were worth $6,615,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of JBT Marel by 34.4% in the fourth quarter. UMB Bank n.a. now owns 254 shares of the company’s stock valued at $38,000 after purchasing an additional 65 shares in the last quarter. Main Management ETF Advisors LLC raised its position in JBT Marel by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 7,047 shares of the company’s stock valued at $1,062,000 after buying an additional 72 shares during the last quarter. Group One Trading LLC raised its position in JBT Marel by 49.3% in the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after buying an additional 72 shares during the last quarter. Redmond Asset Management LLC lifted its stake in JBT Marel by 1.3% in the 4th quarter. Redmond Asset Management LLC now owns 7,788 shares of the company’s stock valued at $1,173,000 after acquiring an additional 101 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in JBT Marel by 44.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 367 shares of the company’s stock valued at $55,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

Analyst Upgrades and Downgrades

JBTM has been the topic of a number of recent research reports. KeyCorp started coverage on shares of JBT Marel in a report on Tuesday, August 25th. They issued an “overweight” rating and a $150.00 price objective on the stock. Barclays started coverage on shares of JBT Marel in a research report on Tuesday. They set an “overweight” rating and a $150.00 price target on the stock. Wall Street Zen cut JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Seaport Research Partners set a $165.00 target price on JBT Marel in a research report on Thursday, May 21st. Finally, Oppenheimer started coverage on JBT Marel in a research report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $164.80.

JBT Marel Price Performance

Shares of NYSE JBTM opened at $113.81 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.37. JBT Marel Corporation has a twelve month low of $113.23 and a twelve month high of $170.19. The business’s 50 day moving average price is $128.09 and its two-hundred day moving average price is $131.73. The company has a market cap of $5.90 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92.

JBT Marel (NYSE:JBTM) last posted its earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The business had revenue of $981.00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, analysts predict that JBT Marel Corporation will post 8.04 EPS for the current year.

JBT Marel Announces Dividend

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

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.