JBT Marel Corporation $JBTM Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP lowered its stake in JBT Marel Corporation (NYSE:JBTM) by 49.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,139 shares of the company’s stock after selling 12,928 shares during the quarter. Cinctive Capital Management LP’s holdings in JBT Marel were worth $1,845,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of JBTM. Aquatic Capital Management LLC purchased a new position in JBT Marel during the third quarter worth $3,657,000. ArrowMark Colorado Holdings LLC raised its holdings in shares of JBT Marel by 6.9% in the third quarter. ArrowMark Colorado Holdings LLC now owns 428,142 shares of the company’s stock worth $60,133,000 after acquiring an additional 27,767 shares during the last quarter. 140 Summer Partners LP purchased a new stake in shares of JBT Marel in the third quarter valued at $49,655,000. Ameriprise Financial Inc. lifted its position in shares of JBT Marel by 51.5% in the third quarter. Ameriprise Financial Inc. now owns 582,250 shares of the company’s stock valued at $81,777,000 after acquiring an additional 197,865 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of JBT Marel by 7.4% during the third quarter. Schonfeld Strategic Advisors LLC now owns 137,623 shares of the company’s stock valued at $19,329,000 after acquiring an additional 9,452 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

Insider Buying and Selling

In other news, CEO Brian A. Deck sold 8,634 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $150.51, for a total transaction of $1,299,503.34. Following the completion of the transaction, the chief executive officer owned 127,667 shares of the company’s stock, valued at $19,215,160.17. This represents a 6.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JBTM has been the subject of several analyst reports. Zacks Research raised shares of JBT Marel from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and raised their price target for the stock from $150.00 to $180.00 in a research note on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, JBT Marel has a consensus rating of “Buy” and a consensus price target of $174.50.

JBT Marel Trading Down 0.4%

Shares of JBT Marel stock opened at $129.12 on Tuesday. JBT Marel Corporation has a fifty-two week low of $90.08 and a fifty-two week high of $170.19. The business’s fifty day moving average is $156.61 and its two-hundred day moving average is $146.45. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm has a market cap of $6.71 billion, a PE ratio of -127.84, a P/E/G ratio of 1.37 and a beta of 0.97.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data on Monday, February 23rd. The company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.06. The business had revenue of $1.01 billion during the quarter. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.JBT Marel’s revenue for the quarter was up 115.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Analysts anticipate that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued a $0.10 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s payout ratio is -39.60%.

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.