Diversified Trust Co Acquires New Position in JBT Marel Corporation $JBTM

Diversified Trust Co purchased a new position in shares of JBT Marel Corporation (NYSE:JBTM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,557 shares of the company’s stock, valued at approximately $1,061,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in JBT Marel in the 2nd quarter valued at about $28,000. EverSource Wealth Advisors LLC purchased a new position in shares of JBT Marel during the 2nd quarter worth about $28,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of JBT Marel in the second quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of JBT Marel during the 2nd quarter valued at $29,000. Finally, Allworth Financial LP purchased a new stake in JBT Marel during the second quarter valued at about $30,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

JBT Marel Trading Down 1.8%

NYSE:JBTM opened at $150.71 on Friday. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of -67.28, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. JBT Marel Corporation has a one year low of $90.08 and a one year high of $157.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.53 and a current ratio of 0.93. The business’s 50-day simple moving average is $142.46 and its 200 day simple moving average is $137.53.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.43. JBT Marel had a positive return on equity of 7.88% and a negative net margin of 3.39%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $936.75 million. JBT Marel’s quarterly 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, sell-side analysts predict that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s dividend payout ratio is currently -17.86%.

Insider Activity

In other news, Director Olafur S. Gudmundsson sold 10,000 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $150.09, for a total transaction of $1,500,900.00. Following the transaction, the director owned 9,980 shares of the company’s stock, valued at approximately $1,497,898.20. This trade represents a 50.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

JBTM has been the subject of several research reports. Robert W. Baird set a $169.00 price objective on shares of JBT Marel in a research note on Friday, October 3rd. Jefferies Financial Group raised JBT Marel from a “hold” rating to a “buy” rating and raised their price objective for the company from $150.00 to $180.00 in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, JBT Marel currently has an average rating of “Moderate Buy” and a consensus price target of $164.00.

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.