315,611 Shares in JBT Marel Corporation $JBTM Purchased by Legal & General Group Plc

by · The Markets Daily

Legal & General Group Plc purchased a new position in shares of JBT Marel Corporation (NYSE:JBTM – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 315,611 shares of the company’s stock, valued at approximately $45,764,000. Legal & General Group Plc owned approximately 0.61% of JBT Marel at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JBTM. UMB Bank n.a. raised its stake in shares of JBT Marel by 34.4% during the 4th quarter. UMB Bank n.a. now owns 254 shares of the company’s stock worth $38,000 after buying an additional 65 shares during the period. Main Management ETF Advisors LLC lifted its position in shares of JBT Marel by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 7,047 shares of the company’s stock valued at $1,062,000 after buying an additional 72 shares in the last quarter. Group One Trading LLC grew its stake in 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 acquiring an additional 72 shares during the period. Redmond Asset Management LLC grew its stake in JBT Marel by 1.3% in the 4th quarter. Redmond Asset Management LLC now owns 7,788 shares of the company’s stock valued at $1,173,000 after acquiring an additional 101 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in JBT Marel by 7.5% in the 4th quarter. Sanctuary Advisors LLC now owns 1,613 shares of the company’s stock worth $243,000 after acquiring an additional 113 shares in the last quarter. 98.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBTM has been the topic of several research analyst reports. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research report on Thursday, May 21st. KeyCorp assumed coverage on shares of JBT Marel in a research report on Tuesday. They set an “overweight” rating and a $150.00 price target for the company. Weiss Ratings lowered shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Oppenheimer assumed coverage on JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price objective on the stock. Finally, Wall Street Zen lowered JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.50.

View Our Latest Report on JBT Marel

JBT Marel Trading Up 0.2%

Shares of JBTM opened at $118.18 on Friday. JBT Marel Corporation has a 52-week low of $113.23 and a 52-week high of $170.19. The stock has a market cap of $6.13 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The firm’s fifty day moving average is $131.53 and its two-hundred day moving average is $134.61. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.37.

JBT Marel (NYSE:JBTM – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). The business had revenue of $981.00 million during the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Research analysts forecast that JBT Marel Corporation will post 8.04 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.10 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s dividend payout ratio is presently 10.90%.

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.

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