JBT Marel (NYSE:JBTM) Hits New 12-Month High – What’s Next?
by Michael Walen · The Markets DailyShares of JBT Marel Corporation (NYSE:JBTM – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $156.58 and last traded at $155.8550, with a volume of 100372 shares changing hands. The stock had previously closed at $154.39.
Wall Street Analyst Weigh In
Several equities analysts recently commented on JBTM shares. Robert W. Baird set a $169.00 price objective on JBT Marel in a research note on Friday, October 3rd. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and boosted their target price for the company from $150.00 to $180.00 in a report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.00.
View Our Latest Analysis on JBT Marel
JBT Marel Stock Up 0.1%
The company has a 50 day moving average of $139.85 and a 200-day moving average of $136.29. 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 has a market cap of $8.06 billion, a P/E ratio of -69.25, a price-to-earnings-growth ratio of 1.81 and a beta of 1.01.
JBT Marel (NYSE:JBTM – Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.43. The firm had revenue of $1 billion for 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% on a year-over-year basis. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. On average, equities analysts predict that JBT Marel Corporation will post 5.21 earnings per share for the current year.
JBT Marel Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 15th. JBT Marel’s dividend payout ratio is currently -17.86%.
Insiders Place Their Bets
In other JBT Marel news, Director Olafur S. Gudmundsson sold 10,000 shares of JBT Marel stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $150.09, for a total transaction of $1,500,900.00. Following the completion of the sale, the director owned 9,980 shares of the company’s stock, valued at $1,497,898.20. The trade was a 50.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is owned by insiders.
Institutional Investors Weigh In On JBT Marel
Several institutional investors have recently bought and sold shares of JBTM. Vanguard Group Inc. increased its position 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 during the period. Geode Capital Management LLC purchased a new position in JBT Marel during the 2nd quarter valued at about $141,026,000. Alliancebernstein L.P. bought a new position in JBT Marel during the 2nd quarter valued at approximately $135,854,000. Champlain Investment Partners LLC purchased a new stake in JBT Marel in the 2nd quarter worth approximately $85,029,000. Finally, Bamco Inc. NY bought a new stake in shares of JBT Marel in the 2nd quarter worth approximately $84,182,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.
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.