Equitable Trust Co. Purchases New Holdings in JBT Marel Corporation $JBTM

Equitable Trust Co. bought a new position in shares of JBT Marel Corporation (NYSE:JBTM) in the first quarter, HoldingsChannel reports. The institutional investor bought 3,657 shares of the company’s stock, valued at approximately $468,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. bought a new stake in shares of JBT Marel during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of JBT Marel in the 2nd quarter valued at $28,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of JBT Marel in the 2nd quarter worth $29,000. Group One Trading LLC grew its stake in shares of JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares during the period. Finally, UMB Bank n.a. increased its holdings in JBT Marel by 34.4% in the fourth quarter. UMB Bank n.a. now owns 254 shares of the company’s stock valued at $38,000 after purchasing an additional 65 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

JBT Marel Stock Up 0.2%

JBTM traded up $0.23 during trading on Friday, hitting $136.80. The company had a trading volume of 278,806 shares, compared to its average volume of 587,393. The company has a market capitalization of $7.12 billion, a PE ratio of 42.75, a PEG ratio of 1.43 and a beta of 0.94. JBT Marel Corporation has a one year low of $113.67 and a one year high of $170.19. The firm’s 50-day moving average price is $132.43 and its 200 day moving average price is $141.71. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.32.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings data on Monday, May 4th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.09. The company had revenue of $936.00 million during the quarter. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, equities analysts expect 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. Stockholders of record on Tuesday, May 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend 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%.

Analyst Ratings Changes

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

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.