JBT Marel Corporation $JBTM Stock Holdings Reduced by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. lessened its holdings in JBT Marel Corporation (NYSE:JBTM) by 1.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 326,880 shares of the company’s stock after selling 3,779 shares during the period. JBT Marel comprises 2.3% of Deroy & Devereaux Private Investment Counsel Inc.’s holdings, making the stock its 4th biggest position. Deroy & Devereaux Private Investment Counsel Inc. owned 0.63% of JBT Marel worth $45,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Harbor Investment Advisory LLC bought a new position in JBT Marel in the third quarter worth approximately $37,000. First Horizon Corp purchased a new position in shares of JBT Marel in the 3rd quarter valued at $27,000. Conestoga Capital Advisors LLC raised its position in shares of JBT Marel by 0.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 173,566 shares of the company’s stock worth $24,377,000 after acquiring an additional 1,057 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of JBT Marel by 1.4% during the 3rd quarter. New York State Teachers Retirement System now owns 42,668 shares of the company’s stock worth $5,993,000 after purchasing an additional 600 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in JBT Marel by 10.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 11,729 shares of the company’s stock valued at $1,647,000 after purchasing an additional 1,130 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors.

JBT Marel Price Performance

Shares of NYSE JBTM opened at $159.47 on Friday. JBT Marel Corporation has a fifty-two week low of $90.08 and a fifty-two week high of $160.84. The company has a market cap of $8.29 billion, a PE ratio of -71.19, a P/E/G ratio of 1.52 and a beta of 1.00. 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 has a 50-day simple moving average of $147.51 and a two-hundred day simple moving average of $140.03.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.94 EPS 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 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 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 expect 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 was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s payout ratio is -17.86%.

Analysts Set New Price Targets

A number of equities analysts have commented on JBTM shares. Robert W. Baird set a $169.00 target price 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. Finally, Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $150.00 to $180.00 in a research note on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.00.

Insider Activity

In related news, Director Olafur S. Gudmundsson sold 20,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 19,980 shares in the company, valued at $2,832,964.20. This trade represents a 50.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is currently owned by insiders.

JBT Marel 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.