SG Americas Securities LLC Sells 6,786 Shares of JBT Marel Corporation $JBTM

SG Americas Securities LLC lowered its holdings in JBT Marel Corporation (NYSE:JBTM) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 162,986 shares of the company’s stock after selling 6,786 shares during the quarter. SG Americas Securities LLC’s holdings in JBT Marel were worth $20,841,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Eurizon Capital SGR S.p.A. bought a new position in JBT Marel in the fourth quarter valued at about $25,000. CI Investments Inc. increased its position in shares of JBT Marel by 69.2% in the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. Group One Trading LLC increased its holdings in shares of JBT Marel by 49.3% in the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after acquiring an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in JBT Marel during the 2nd quarter worth approximately $28,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JBT Marel during the second quarter worth $29,000. 98.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings lowered JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Wall Street Zen lowered shares of JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Research downgraded JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Seaport Research Partners set a $165.00 price objective on shares of JBT Marel in a report on Thursday, May 21st. Finally, Oppenheimer assumed coverage on JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 target price on the stock. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.67.

JBT Marel Price Performance

Shares of JBTM opened at $134.96 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61. JBT Marel Corporation has a 1 year low of $113.67 and a 1 year high of $170.19. The business has a 50-day moving average of $129.59 and a 200-day moving average of $142.32. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95.

JBT Marel (NYSE:JBTM) last released its earnings results on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.09. The business had revenue of $936.00 million for the quarter. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. JBT Marel’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, equities research analysts anticipate that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were paid 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 Tuesday, May 26th. JBT Marel’s dividend payout ratio (DPR) is 12.50%.

JBT Marel Company 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.