JBT Marel (NYSE:JBTM) Issues Earnings Results

by · The Markets Daily

JBT Marel (NYSE:JBTM – Get Free Report) posted its quarterly earnings data on Monday. The company reported $1.98 earnings per share for the quarter, FiscalAI reports. The business had revenue of $1.01 billion during the quarter. JBT Marel had a positive return on equity of 7.88% and a negative net margin of 3.39%.

JBT Marel Price Performance

JBTM traded down $1.21 on Monday, hitting $163.70. 557,856 shares of the company were exchanged, compared to its average volume of 483,982. JBT Marel has a fifty-two week low of $90.08 and a fifty-two week high of $170.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.53 and a current ratio of 0.93. The firm has a market capitalization of $8.51 billion, a P/E ratio of -73.08, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01. The business’s fifty day moving average is $158.00 and its 200 day moving average is $145.54.

JBT Marel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. JBT Marel’s payout ratio is currently -17.86%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JBTM shares. Jefferies Financial Group upgraded JBT Marel from a “hold” rating to a “buy” rating and boosted their price target for the company from $150.00 to $180.00 in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, JBT Marel currently has an average rating of “Moderate Buy” and a consensus price target of $174.50.

View Our Latest Stock Report on JBTM

Insiders Place Their Bets

In other JBT Marel news, Director Olafur S. Gudmundsson sold 20,000 shares of the business’s stock in a transaction 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 sale, the director directly owned 19,980 shares in the company, valued at approximately $2,832,964.20. The trade was a 50.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On JBT Marel

A number of large investors have recently added to or reduced their stakes in JBTM. UMB Bank n.a. lifted its position in shares of JBT Marel by 34.4% during the fourth quarter. UMB Bank n.a. now owns 254 shares of the company’s stock worth $38,000 after purchasing an additional 65 shares in the last quarter. Park Avenue Securities LLC increased its stake in JBT Marel by 1.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,576 shares of the company’s stock worth $991,000 after buying an additional 66 shares during the period. Main Management ETF Advisors LLC lifted its holdings in JBT Marel by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 7,047 shares of the company’s stock worth $1,062,000 after buying an additional 72 shares in the last quarter. Group One Trading LLC increased its position in shares of JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after acquiring an additional 72 shares during the last quarter. Finally, CI Investments Inc. lifted its stake in shares of JBT Marel by 69.2% in the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after acquiring an additional 83 shares in the last quarter. 98.92% of the stock is owned by institutional investors and hedge funds.

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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