Vaughan Nelson Investment Management L.P. Has $84.98 Million Stake in JBT Marel Corporation $JBTM

by · The Markets Daily

Vaughan Nelson Investment Management L.P. increased its stake in shares of JBT Marel Corporation (NYSE:JBTM – Free Report) by 34.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 664,550 shares of the company’s stock after purchasing an additional 169,655 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 1.28% of JBT Marel worth $84,976,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of JBTM. Eurizon Capital SGR S.p.A. bought a new position in JBT Marel in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new position in JBT Marel in the 2nd quarter valued at $28,000. CI Investments Inc. boosted its position in JBT Marel by 69.2% in the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JBT Marel in the 2nd quarter valued at $29,000. Finally, Group One Trading LLC increased its stake in shares of JBT Marel by 49.3% in the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after buying an additional 72 shares during the period. 98.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JBTM. Seaport Research Partners set a $165.00 target price on JBT Marel in a research report on Thursday, May 21st. Wall Street Zen cut JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings lowered JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Oppenheimer assumed coverage on JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective for the company. Finally, Zacks Research downgraded shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, JBT Marel presently has an average rating of “Moderate Buy” and an average target price of $174.67.

Check Out Our Latest Research Report on JBT Marel

JBT Marel Price Performance

Shares of JBTM stock opened at $132.84 on Monday. JBT Marel Corporation has a 52-week low of $113.67 and a 52-week high of $170.19. The stock has a market cap of $6.92 billion, a PE ratio of 41.51, a PEG ratio of 1.39 and a beta of 0.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 1.01. The firm’s 50 day moving average price is $129.44 and its two-hundred day moving average price is $142.52.

JBT Marel (NYSE:JBTM – Get Free Report) last released its earnings results on Monday, May 4th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $936.00 million during the quarter. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. JBT Marel’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, analysts forecast that JBT Marel Corporation will post 8.26 EPS for the current year.

JBT Marel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s payout ratio is 12.50%.

JBT Marel Profile

(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.

Further Reading

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