Axa S.A. Acquires New Position in JBT Marel Corporation $JBTM

Axa S.A. bought a new position in JBT Marel Corporation (NYSE:JBTM) in the second quarter, according to its most recent filing with the SEC. The firm bought 260,232 shares of the company’s stock, valued at approximately $31,296,000. Axa S.A. owned approximately 0.50% of JBT Marel as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JBTM. Thematics Asset Management purchased a new position in JBT Marel in the 2nd quarter worth $25,080,000. Vega Investment Solutions purchased a new position in shares of JBT Marel in the second quarter worth about $38,000. California Public Employees Retirement System acquired a new stake in shares of JBT Marel during the second quarter worth about $9,311,000. Gabelli Funds LLC purchased a new stake in JBT Marel in the second quarter valued at approximately $1,323,000. Finally, Gamco Investors INC. ET AL purchased a new stake in JBT Marel in the second quarter valued at approximately $1,173,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Insider Activity

In other news, Director Olafur S. Gudmundsson sold 20,000 shares of JBT Marel stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $141.79, for a total value of $2,835,800.00. Following the sale, the director owned 19,980 shares in the company, valued at $2,832,964.20. This trade represents a 50.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

JBT Marel Trading Down 1.1%

JBTM stock opened at $137.74 on Wednesday. JBT Marel Corporation has a 52-week low of $90.08 and a 52-week high of $148.76. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.34. The firm has a market cap of $7.16 billion, a P/E ratio of -61.49, a PEG ratio of 1.63 and a beta of 1.01. The company’s 50-day simple moving average is $137.08 and its 200-day simple moving average is $133.55.

JBT Marel (NYSE:JBTM) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.43. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $936.75 million. JBT Marel had a positive return on equity of 7.88% and a negative net margin of 3.39%.The business’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. As a group, equities analysts forecast 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. Shareholders of record on Monday, December 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 15th. JBT Marel’s dividend payout ratio (DPR) is presently -17.86%.

Analyst Ratings Changes

JBTM has been the subject of several research reports. Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research note on Wednesday, October 8th. Robert W. Baird set a $169.00 target price on shares of JBT Marel in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.00.

About JBT Marel

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.