Knights of Columbus Asset Advisors LLC Makes New $548,000 Investment in JBT Marel Corporation $JBTM

Knights of Columbus Asset Advisors LLC purchased a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,901 shares of the company’s stock, valued at approximately $548,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new position in JBT Marel in the 3rd quarter valued at approximately $25,000. First Horizon Corp purchased a new position in shares of JBT Marel in the third quarter worth $27,000. Steward Partners Investment Advisory LLC bought a new position in shares of JBT Marel during the second quarter valued at $28,000. EverSource Wealth Advisors LLC purchased a new stake in shares of JBT Marel during the second quarter valued at $28,000. Finally, JTC Employer Solutions Trustee Ltd purchased a new stake in shares of JBT Marel during the second quarter valued at $29,000. Institutional investors own 98.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on JBTM. Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $180.00 in a report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.50.

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 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 completion of the sale, the director owned 19,980 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. Company insiders own 0.69% of the company’s stock.

JBT Marel Price Performance

NYSE JBTM opened at $157.57 on Friday. The company has a 50-day moving average price of $151.74 and a 200-day moving average price of $142.40. JBT Marel Corporation has a 52 week low of $90.08 and a 52 week high of $160.84. 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 firm has a market capitalization of $8.19 billion, a P/E ratio of -70.34, a PEG ratio of 1.55 and a beta of 1.00.

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.43. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $936.75 million. The firm’s revenue for the quarter 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. Equities research analysts anticipate that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were issued 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 was Monday, December 15th. JBT Marel’s dividend payout ratio (DPR) is currently -17.86%.

JBT Marel 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.