Linden Advisors LP Purchases New Position in JBT Marel Corporation $JBTM

Linden Advisors LP acquired a new position in JBT Marel Corporation (NYSE:JBTM) in the third quarter, HoldingsChannel.com reports. The firm acquired 86,500 shares of the company’s stock, valued at approximately $12,149,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JBTM. Lido Advisors LLC boosted its stake in JBT Marel by 13.5% during the 3rd quarter. Lido Advisors LLC now owns 2,903 shares of the company’s stock valued at $408,000 after purchasing an additional 345 shares during the last quarter. Lighthouse Investment Partners LLC raised its stake in shares of JBT Marel by 48.8% in the third quarter. Lighthouse Investment Partners LLC now owns 37,679 shares of the company’s stock worth $5,292,000 after purchasing an additional 12,349 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in shares of JBT Marel in the third quarter worth $3,657,000. ArrowMark Colorado Holdings LLC lifted its holdings in shares of JBT Marel by 6.9% during the third quarter. ArrowMark Colorado Holdings LLC now owns 428,142 shares of the company’s stock valued at $60,133,000 after purchasing an additional 27,767 shares in the last quarter. Finally, 140 Summer Partners LP bought a new position in shares of JBT Marel during the third quarter valued at $49,655,000. 98.92% of the stock is owned by institutional investors.

Insider Transactions at JBT Marel

In other JBT Marel news, CEO Brian A. Deck sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $151.39, for a total value of $1,513,900.00. Following the transaction, the chief executive officer directly owned 136,301 shares of the company’s stock, valued at approximately $20,634,608.39. This trade represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

JBT Marel Price Performance

Shares of JBTM opened at $129.12 on Tuesday. 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. 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 firm has a fifty day simple moving average of $156.61 and a two-hundred day simple moving average of $146.45. JBT Marel Corporation has a 1-year low of $90.08 and a 1-year 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 for the quarter, beating the consensus estimate of $1.92 by $0.06. The firm had revenue of $1.01 billion for the quarter. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.JBT Marel’s quarterly revenue was up 115.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, equities analysts anticipate that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Dividend Announcement

The company also recently announced 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 of this dividend 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 is currently -39.60%.

Analyst Upgrades and Downgrades

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

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.