140 Summer Partners LP Buys New Position in JBT Marel Corporation $JBTM

140 Summer Partners LP purchased a new position in JBT Marel Corporation (NYSE:JBTM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 353,544 shares of the company’s stock, valued at approximately $49,655,000. JBT Marel accounts for about 4.3% of 140 Summer Partners LP’s portfolio, making the stock its 14th biggest position. 140 Summer Partners LP owned about 0.68% of JBT Marel as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the stock. Salomon & Ludwin LLC purchased a new stake in shares of JBT Marel in the 3rd quarter worth about $25,000. First Horizon Corp purchased a new position in shares of JBT Marel during the third quarter valued at about $27,000. UMB Bank n.a. bought a new position in JBT Marel in the third quarter worth about $27,000. Steward Partners Investment Advisory LLC bought a new position in JBT Marel in the second quarter worth about $28,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in JBT Marel in the second quarter worth about $28,000. Institutional investors own 98.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JBTM. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Zacks Research upgraded JBT Marel from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Jefferies Financial Group upgraded JBT Marel from a “hold” rating to a “buy” rating and lifted their price target for the company from $150.00 to $180.00 in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, JBT Marel presently has an average rating of “Buy” and a consensus price target of $174.50.

JBT Marel Price Performance

JBTM stock opened at $129.57 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.98. The firm has a 50 day moving average price of $157.09 and a 200-day moving average price of $146.54. JBT Marel Corporation has a 52-week low of $90.08 and a 52-week high of $170.19. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of -128.28, a PEG ratio of 1.37 and a beta of 0.97.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.98 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company earned $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 forecast that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

JBT Marel Dividend Announcement

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

Insider Activity

In related news, CEO Brian A. Deck sold 10,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $151.39, for a total value of $1,513,900.00. Following the transaction, the chief executive officer owned 136,301 shares in the company, valued at $20,634,608.39. The trade was a 6.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

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.