Confluence Investment Management LLC Makes New $12.03 Million Investment in JBT Marel Corporation $JBTM

Confluence Investment Management LLC bought a new stake in JBT Marel Corporation (NYSE:JBTM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 85,680 shares of the company’s stock, valued at approximately $12,034,000. Confluence Investment Management LLC owned approximately 0.16% of JBT Marel at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in JBT Marel by 29.6% in the third quarter. GAMMA Investing LLC now owns 963 shares of the company’s stock valued at $135,000 after acquiring an additional 220 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of JBT Marel during the second quarter worth about $28,000. EverSource Wealth Advisors LLC purchased a new stake in shares of JBT Marel in the 2nd quarter valued at about $28,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of JBT Marel in the 2nd quarter valued at about $29,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in JBT Marel during the 2nd quarter worth approximately $29,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on JBTM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a research note on Wednesday, October 8th. Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and increased their price target for the stock from $150.00 to $180.00 in a research note on Wednesday, December 10th. Finally, Robert W. Baird set a $169.00 price objective on shares of JBT Marel in a research report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $164.00.

Insider Activity

In related news, Director Olafur S. Gudmundsson sold 20,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $141.79, for a total transaction of $2,835,800.00. Following the completion of the transaction, the director directly owned 19,980 shares of the company’s stock, valued at $2,832,964.20. This represents a 50.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

JBT Marel Price Performance

JBT Marel stock opened at $155.40 on Tuesday. JBT Marel Corporation has a 12 month low of $90.08 and a 12 month high of $156.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.93 and a quick ratio of 0.53. The business has a 50 day simple moving average of $139.20 and a 200-day simple moving average of $135.93. The stock has a market capitalization of $8.08 billion, a PE ratio of -69.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.00.

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

JBT Marel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be issued a $0.10 dividend. 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 presently -17.86%.

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.