Lighthouse Investment Partners LLC Raises Stock Holdings in JBT Marel Corporation $JBTM

Lighthouse Investment Partners LLC grew its position in JBT Marel Corporation (NYSE:JBTM) by 48.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 37,679 shares of the company’s stock after acquiring an additional 12,349 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in JBT Marel were worth $5,292,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

JBTM has been the topic of several recent research 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 lifted their target price for the company from $150.00 to $180.00 in a report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a research note on Thursday, January 22nd. One 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. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $174.50.

JBT Marel Stock Performance

NYSE:JBTM opened at $129.12 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $6.71 billion, a P/E ratio of -127.84, a price-to-earnings-growth ratio of 1.37 and a beta of 0.97. The firm has a 50-day moving average price of $156.61 and a two-hundred day moving average price of $146.45. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $170.19.

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

JBT Marel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors 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 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is presently -39.60%.

Insider Transactions at JBT Marel

In other JBT Marel news, CEO Brian A. Deck sold 8,634 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 127,667 shares in the company, valued at $19,215,160.17. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.