JBT Marel Corporation $JBTM Shares Purchased by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its stake in JBT Marel Corporation (NYSE:JBTM) by 8.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 663,523 shares of the company’s stock after acquiring an additional 51,576 shares during the quarter. Artisan Partners Limited Partnership owned approximately 1.28% of JBT Marel worth $93,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Salomon & Ludwin LLC purchased a new stake in shares of JBT Marel during the third quarter worth about $25,000. UMB Bank n.a. purchased a new position in JBT Marel in the 3rd quarter valued at about $27,000. First Horizon Corp acquired a new stake in JBT Marel in the 3rd quarter worth about $27,000. Steward Partners Investment Advisory LLC acquired a new stake in JBT Marel in the 2nd quarter worth about $28,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in JBT Marel during the 2nd quarter worth approximately $28,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on JBTM. Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Jefferies Financial Group upgraded 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 report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, JBT Marel has a consensus rating of “Moderate Buy” and an average price target of $174.50.

JBT Marel Price Performance

JBTM stock opened at $153.94 on Friday. JBT Marel Corporation has a 1 year low of $90.08 and a 1 year high of $170.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.53. The firm has a market capitalization of $8.00 billion, a PE ratio of -152.42, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. The business has a 50 day simple moving average of $158.61 and a 200-day simple moving average of $146.23.

JBT Marel (NYSE:JBTM) last released its quarterly earnings data on Monday, February 23rd. The company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.06. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The company had revenue of $1.01 billion for the quarter. During the same period last year, the firm posted $1.70 EPS. The business’s quarterly revenue was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities research analysts anticipate that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio is currently -39.60%.

Insider Transactions at JBT Marel

In other JBT Marel news, Director Olafur S. Gudmundsson sold 10,000 shares of JBT Marel 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 directly owned 9,980 shares of the company’s stock, valued at $1,497,898.20. The trade was a 50.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

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.