Hudson Bay Capital Management LP Sells 19,448 Shares of JBT Marel Corporation $JBTM

Hudson Bay Capital Management LP trimmed its stake in JBT Marel Corporation (NYSE:JBTM) by 27.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,659 shares of the company’s stock after selling 19,448 shares during the quarter. Hudson Bay Capital Management LP owned approximately 0.10% of JBT Marel worth $7,115,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Allworth Financial LP bought a new stake in shares of JBT Marel in the 2nd quarter worth approximately $30,000. KBC Group NV bought a new position in JBT Marel during the second quarter valued at $141,000. PNC Financial Services Group Inc. purchased a new stake in JBT Marel in the second quarter worth $348,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in JBT Marel in the second quarter worth $1,419,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of JBT Marel in the second quarter valued at $1,428,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Insider Buying and Selling

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 transaction of $1,513,900.00. Following the sale, the chief executive officer owned 136,301 shares in the company, valued at $20,634,608.39. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

JBT Marel Price Performance

JBT Marel stock opened at $127.00 on Friday. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of -125.74, a PEG ratio of 1.38 and a beta of 0.97. 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 business has a 50-day simple moving average of $154.48 and a 200 day simple moving average of $146.05. JBT Marel Corporation has a 52 week low of $90.08 and a 52 week 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. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The firm had revenue of $1.01 billion for the quarter. During the same period in the previous year, the business earned $1.70 EPS. The business’s revenue was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, research analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. JBT Marel’s payout ratio is currently -39.60%.

Analysts Set New Price Targets

A number of research analysts have recently commented on JBTM shares. Zacks Research raised JBT Marel from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Jefferies Financial Group raised 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, JBT Marel has an average rating of “Buy” and an average 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.