JBT Marel (NYSE:JBTM) Hits New 12-Month Low – Here’s What Happened

JBT Marel Corporation (NYSE:JBTM)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as $109.18 and last traded at $108.9450, with a volume of 67673 shares. The stock had previously closed at $110.32.

Wall Street Analyst Weigh In

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

JBT Marel Stock Down 2.4%

The business’s 50-day moving average is $120.45 and its two-hundred day moving average is $127.53. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 1.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share (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 for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, equities analysts anticipate that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Dividend Announcement

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

Hedge Funds Weigh In On JBT Marel

Institutional investors and hedge funds have recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. bought a new stake in shares of JBT Marel in the 4th quarter valued at $25,000. Parallel Advisors LLC grew its stake in 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 acquiring an additional 206 shares during the period. Transamerica Financial Advisors LLC acquired a new position in JBT Marel in the second quarter valued at about $41,000. Public Employees Retirement System of Ohio bought a new stake in shares of JBT Marel in the second quarter worth about $50,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of JBT Marel in the second quarter worth about $51,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

About JBT Marel

JBT Marel Corporation is a global food technology company that develops equipment, systems and services for the processing, preparation, packaging and handling of food and beverages. Its solutions are used by food producers, processors and manufacturers across the poultry, meat, seafood, prepared foods, fruit and vegetables, pet food, dairy and beverage industries.

The company’s portfolio includes systems for portioning, weighing, sorting, grading, marinating, cooking, freezing, filling, packaging and automated material handling.