SG Americas Securities LLC Makes New $526,000 Investment in JBT Marel Corporation $JBTM

SG Americas Securities LLC bought a new stake in shares of JBT Marel Corporation (NYSE:JBTM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,747 shares of the company’s stock, valued at approximately $526,000.

Several other hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC purchased a new position in shares of JBT Marel during the third quarter valued at $914,000. KLP Kapitalforvaltning AS grew its holdings in JBT Marel by 0.9% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 10,800 shares of the company’s stock worth $1,517,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in JBT Marel by 10.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 23,900 shares of the company’s stock worth $3,357,000 after acquiring an additional 2,300 shares in the last quarter. Brown Miller Wealth Management LLC purchased a new position in JBT Marel during the 3rd quarter valued at about $202,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of JBT Marel in the 3rd quarter valued at about $25,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and increased their price objective for the company from $150.00 to $180.00 in a research note on Wednesday, December 10th. Robert W. Baird set a $169.00 price target on JBT Marel in a report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.50.

JBT Marel Price Performance

Shares of JBTM stock opened at $154.16 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 debt-to-equity ratio of 0.34, a quick ratio of 0.53 and a current ratio of 0.93. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of -68.82, a PEG ratio of 1.54 and a beta of 1.00. The stock’s 50-day simple moving average is $149.56 and its 200-day simple moving average is $141.38.

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 forecast that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

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%.

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.