JBT Marel Corporation $JBTM Stock Position Lessened by Citigroup Inc.

Citigroup Inc. lowered its stake in JBT Marel Corporation (NYSE:JBTM) by 60.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,464 shares of the company’s stock after selling 27,256 shares during the quarter. Citigroup Inc.’s holdings in JBT Marel were worth $2,453,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Personal CFO Solutions LLC increased its stake in JBT Marel by 24.3% during the 3rd quarter. Personal CFO Solutions LLC now owns 2,100 shares of the company’s stock valued at $295,000 after buying an additional 411 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of JBT Marel in the 3rd quarter worth approximately $223,000. Kovack Advisors Inc. bought a new position in shares of JBT Marel in the third quarter valued at approximately $652,000. Vanguard Group Inc. boosted its holdings in shares of JBT Marel by 1.0% in the third quarter. Vanguard Group Inc. now owns 5,539,674 shares of the company’s stock valued at $778,047,000 after acquiring an additional 56,115 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of JBT Marel by 4.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 18,739 shares of the company’s stock valued at $2,632,000 after acquiring an additional 795 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

Insider Activity

In related news, Director Olafur S. Gudmundsson sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $150.09, for a total value of $1,500,900.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian A. Deck sold 10,000 shares of JBT Marel stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $151.39, for a total transaction of $1,513,900.00. Following the transaction, the chief executive officer owned 136,301 shares in the company, valued at approximately $20,634,608.39. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 28,634 shares of company stock valued at $4,314,303. Corporate insiders own 0.69% of the company’s stock.

JBT Marel Trading Down 2.8%

JBT Marel stock opened at $148.48 on Friday. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of -147.01, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. JBT Marel Corporation has a 1 year low of $90.08 and a 1 year high of $170.19. The firm’s 50 day moving average price is $158.37 and its two-hundred day moving average price is $146.68. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.98.

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 the consensus estimate of $1.92 by $0.06. The business had revenue of $1.01 billion during the quarter. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The business’s revenue was up 115.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, research analysts predict that JBT Marel Corporation will post 5.21 EPS 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. Shareholders of record on Monday, March 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s dividend payout ratio is currently -39.60%.

Analysts Set New Price Targets

JBTM has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a report on Thursday, January 22nd. Zacks Research upgraded JBT Marel from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Jefferies Financial Group raised 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $174.50.

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.