JBT Marel Corporation (NYSE:JBTM) Plans $0.10 Quarterly Dividend

by · The Markets Daily

JBT Marel Corporation (NYSE:JBTM – Get Free Report) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.10 per share on Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 15th.

JBT Marel Stock Down 1.2%

JBT Marel stock opened at $141.19 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.93 and a quick ratio of 0.53. The company’s 50-day moving average is $137.02 and its 200-day moving average is $132.81. The firm has a market capitalization of $7.34 billion, a PE ratio of -63.03, a P/E/G ratio of 1.68 and a beta of 1.01. JBT Marel has a fifty-two week low of $90.08 and a fifty-two week high of $148.76.

JBT Marel (NYSE:JBTM – Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.43. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $936.75 million. JBT Marel had a positive return on equity of 7.88% and a negative net margin of 3.39%.The business’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. Sell-side analysts anticipate that JBT Marel will post 5.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Olafur S. Gudmundsson sold 20,000 shares of JBT Marel stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $141.79, for a total transaction of $2,835,800.00. Following the completion of the sale, the director directly owned 19,980 shares of the company’s stock, valued at approximately $2,832,964.20. This trade represents a 50.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On JBT Marel

A number of hedge funds and other institutional investors have recently modified their holdings of JBTM. Salomon & Ludwin LLC bought a new position in JBT Marel during the third quarter worth about $25,000. First Horizon Corp bought a new position in shares of JBT Marel during the third quarter worth approximately $27,000. UMB Bank n.a. acquired a new stake in shares of JBT Marel in the third quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of JBT Marel in the second quarter valued at approximately $28,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

About JBT Marel

(Get Free Report)

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.

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