JBT Marel (NYSE:JBTM) Shares Up 5% – What’s Next?

JBT Marel Corporation (NYSE:JBTM) shot up 5% during trading on Wednesday . The company traded as high as $147.21 and last traded at $144.7360. 173,572 shares were traded during trading, a decline of 68% from the average session volume of 548,455 shares. The stock had previously closed at $137.81.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird set a $169.00 price target on shares of JBT Marel in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $180.00 in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, JBT Marel presently has an average rating of “Moderate Buy” and a consensus price target of $164.00.

JBT Marel Price Performance

The stock’s 50 day moving average price is $137.08 and its 200-day moving average price is $133.55. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $7.73 billion, a PE ratio of -66.24, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $936.75 million. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The business’s revenue was up 120.6% compared to the same quarter last year. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. As a group, equities analysts forecast that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 15th. JBT Marel’s dividend payout ratio (DPR) is presently -17.86%.

Insider Buying and Selling at JBT Marel

In other JBT Marel news, Director Olafur S. Gudmundsson sold 20,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $2,832,964.20. This represents a 50.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC purchased a new stake in shares of JBT Marel during the third quarter valued at about $25,000. First Horizon Corp purchased a new stake in JBT Marel during the third quarter valued at approximately $27,000. UMB Bank n.a. acquired a new stake in JBT Marel in the third quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC purchased a new position in JBT Marel in the second quarter worth $28,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of JBT Marel during the second quarter worth $28,000. 98.92% of the stock is owned by 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.