JBT Marel Corporation (NYSE:JBTM) to Issue $0.10 Quarterly Dividend

JBT Marel Corporation (NYSE:JBTM) announced a quarterly dividend on Thursday, December 4th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.10 per share on Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 15th.

JBT Marel Price Performance

JBT Marel stock opened at $141.19 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $137.02 and a 200-day simple moving average of $132.81. The stock has a market cap of $7.34 billion, a P/E ratio of -63.03, a price-to-earnings-growth ratio of 1.68 and a beta of 1.01. JBT Marel has a 12-month low of $90.08 and a 12-month high of $148.76.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.43. The company 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 firm’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. Equities analysts expect that JBT Marel will post 5.21 EPS for the current fiscal year.

Insider Buying and Selling at JBT Marel

In related news, Director Olafur S. Gudmundsson sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $141.79, for a total value of $2,835,800.00. Following the completion of the sale, the director directly owned 19,980 shares of the company’s stock, valued at $2,832,964.20. This represents a 50.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On JBT Marel

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in shares of JBT Marel during the third quarter worth approximately $25,000. First Horizon Corp acquired a new stake in JBT Marel during the 3rd quarter worth $27,000. UMB Bank n.a. purchased a new position in JBT Marel during the 3rd quarter worth $27,000. Steward Partners Investment Advisory LLC purchased a new position in JBT Marel during the 2nd quarter worth $28,000. Finally, EverSource Wealth Advisors LLC acquired a new position in JBT Marel in the second quarter valued at $28,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

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.