Alliancebernstein L.P. Decreases Stake in JBT Marel Corporation $JBTM

Alliancebernstein L.P. lessened its position in shares of JBT Marel Corporation (NYSE:JBTM) by 14.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 965,509 shares of the company’s stock after selling 164,163 shares during the period. Alliancebernstein L.P. owned about 1.86% of JBT Marel worth $135,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JBTM. Vanguard Group Inc. raised its position in shares of JBT Marel by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,539,674 shares of the company’s stock worth $778,047,000 after acquiring an additional 56,115 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of JBT Marel during the 2nd quarter worth approximately $141,026,000. Champlain Investment Partners LLC purchased a new stake in shares of JBT Marel during the 2nd quarter worth approximately $85,029,000. Bamco Inc. NY acquired a new position in shares of JBT Marel in the 2nd quarter valued at $84,182,000. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of JBT Marel by 8.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 663,523 shares of the company’s stock valued at $93,192,000 after buying an additional 51,576 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Brian A. Deck sold 10,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $151.39, for a total transaction of $1,513,900.00. Following the transaction, the chief executive officer directly owned 136,301 shares in the company, valued at $20,634,608.39. The trade was a 6.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Jefferies Financial Group raised JBT Marel from a “hold” rating to a “buy” rating and raised their price objective for the stock from $150.00 to $180.00 in a report on Wednesday, December 10th. Finally, Zacks Research upgraded JBT Marel from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $174.50.

JBT Marel Stock Down 0.4%

JBT Marel stock opened at $129.12 on Tuesday. The stock has a 50 day moving average of $156.61 and a two-hundred day moving average of $146.45. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $170.19. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of -127.84, a PEG ratio of 1.37 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33.

JBT Marel (NYSE:JBTM) last released its earnings results on Monday, February 23rd. The company reported $1.98 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.01 billion for the quarter. During the same period in the previous year, the firm posted $1.70 EPS. The company’s revenue for the quarter was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, research analysts expect that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders 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 annualized dividend and a dividend yield of 0.3%. JBT Marel’s payout ratio is presently -39.60%.

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.