Insider Selling: JBT Marel (NYSE:JBTM) Director Sells 20,000 Shares of Stock

JBT Marel Corporation (NYSE:JBTM) Director Olafur Gudmundsson sold 20,000 shares of the stock in a transaction dated 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 transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

JBT Marel Stock Down 0.4%

JBT Marel stock traded down $0.56 during mid-day trading on Monday, reaching $139.97. 454,907 shares of the company were exchanged, compared to its average volume of 556,083. The business has a fifty day moving average of $136.70 and a 200 day moving average of $132.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.53 and a current ratio of 0.93. JBT Marel Corporation has a 12-month low of $90.08 and a 12-month high of $148.76. The firm has a market cap of $7.27 billion, a P/E ratio of -61.12, a PEG ratio of 1.72 and a beta of 1.18.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.43. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%.The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $936.75 million. The business’s quarterly 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. Research analysts anticipate that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JBTM has been the subject of a number of research reports. William Blair upgraded shares of JBT Marel from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 6th. Robert W. Baird set a $169.00 price objective on shares of JBT Marel in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JBTM. Group One Trading LLC lifted its stake in JBT Marel by 49.3% in the third 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 last quarter. CI Investments Inc. raised its holdings in shares of 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 purchasing an additional 83 shares during the period. Smartleaf Asset Management LLC lifted its stake in JBT Marel by 15.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 741 shares of the company’s stock valued at $102,000 after purchasing an additional 99 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in JBT Marel by 0.9% during the third quarter. KLP Kapitalforvaltning AS now owns 10,800 shares of the company’s stock worth $1,517,000 after purchasing an additional 100 shares during the period. Finally, US Bancorp DE increased its position in JBT Marel by 1.8% during the third quarter. US Bancorp DE now owns 5,993 shares of the company’s stock worth $842,000 after buying an additional 104 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

JBT Marel Company Profile

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.