CW Advisors LLC Invests $6.60 Million in JBT Marel Corporation $JBTM

CW Advisors LLC acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 54,898 shares of the company’s stock, valued at approximately $6,602,000. CW Advisors LLC owned approximately 0.11% of JBT Marel as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBTM. Granite Investment Partners LLC bought a new position in JBT Marel in the second quarter valued at about $3,802,000. Blueshift Asset Management LLC bought a new position in JBT Marel in the 2nd quarter valued at approximately $233,000. Quantbot Technologies LP acquired a new stake in JBT Marel during the 2nd quarter worth approximately $498,000. Gardner Russo & Quinn LLC bought a new stake in JBT Marel during the 2nd quarter worth approximately $872,000. Finally, Shelton Capital Management bought a new stake in JBT Marel during the 2nd quarter worth approximately $203,000. Institutional investors own 98.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on JBTM. Robert W. Baird set a $169.00 price target on shares of JBT Marel in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

JBT Marel Price Performance

Shares of NYSE JBTM opened at $140.99 on Friday. The company has a market capitalization of $7.33 billion, a PE ratio of -62.94, a P/E/G ratio of 1.66 and a beta of 1.01. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.34. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $148.76. The firm has a fifty day simple moving average of $137.09 and a 200 day simple moving average of $132.97.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.43. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $936.75 million. The company’s revenue for the quarter 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. On average, sell-side analysts forecast that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 15th. JBT Marel’s payout ratio is presently -17.86%.

Insider Transactions at JBT Marel

In other JBT Marel news, Director Olafur S. Gudmundsson sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $141.79, for a total value of $2,835,800.00. Following the transaction, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.69% of the company’s stock.

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.