Capital Fund Management S.A. Purchases Shares of 13,831 JBT Marel Corporation $JBTM

Capital Fund Management S.A. bought a new stake in shares of JBT Marel Corporation (NYSE:JBTM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,831 shares of the company’s stock, valued at approximately $1,663,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp purchased a new position in shares of JBT Marel in the 2nd quarter valued at approximately $2,292,000. Vontobel Holding Ltd. purchased a new stake in shares of JBT Marel during the second quarter worth approximately $389,000. Yousif Capital Management LLC acquired a new stake in shares of JBT Marel during the second quarter worth $2,104,000. Envestnet Asset Management Inc. acquired a new stake in shares of JBT Marel during the second quarter worth $29,873,000. Finally, Zions Bancorporation National Association UT purchased a new position in JBT Marel in the 2nd quarter valued at $2,410,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Trading Down 1.2%

Shares of JBT Marel stock opened at $141.19 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.93 and a quick ratio of 0.53. JBT Marel Corporation has a 1 year low of $90.08 and a 1 year high of $148.76. The company has a market capitalization of $7.34 billion, a P/E ratio of -63.03, a P/E/G ratio of 1.68 and a beta of 1.01. The business has a 50 day moving average price of $137.02 and a 200 day moving average price of $132.81.

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.43. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $936.75 million. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The company’s revenue was up 120.6% compared to the same quarter last year. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. Sell-side analysts anticipate that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

JBT Marel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s payout ratio is currently -17.86%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JBTM. Robert W. Baird set a $169.00 price target on shares of JBT Marel in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Insider Activity at JBT Marel

In other JBT Marel news, Director Olafur S. Gudmundsson sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $141.79, for a total transaction of $2,835,800.00. Following the completion of the sale, the director owned 19,980 shares of the company’s stock, valued at approximately $2,832,964.20. The trade was a 50.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.69% of the stock is currently owned by insiders.

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.