JBT Marel Corporation $JBTM Holdings Increased by Fifth Third Bancorp

Fifth Third Bancorp lifted its stake in JBT Marel Corporation (NYSE:JBTM) by 15,948.0% in the first quarter, HoldingsChannel reports. The fund owned 61,464 shares of the company’s stock after purchasing an additional 61,081 shares during the quarter. Fifth Third Bancorp’s holdings in JBT Marel were worth $7,859,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in JBT Marel in the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel in the 2nd quarter worth $28,000. First Trust Advisors LP bought a new stake in shares of JBT Marel in the 2nd quarter worth $4,285,000. Amundi acquired a new stake in shares of JBT Marel in the second quarter valued at $974,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of JBT Marel in the second quarter valued at $1,173,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Stock Performance

JBT Marel stock opened at $134.87 on Thursday. JBT Marel Corporation has a fifty-two week low of $113.67 and a fifty-two week high of $170.19. The firm’s 50 day simple moving average is $132.92 and its 200-day simple moving average is $141.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61. The company has a market cap of $7.02 billion, a P/E ratio of 42.15, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94.

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

JBT Marel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, May 26th. JBT Marel’s payout ratio is presently 12.50%.

Analyst Upgrades and Downgrades

A number of research 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. Oppenheimer initiated coverage on shares of JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target for the company. Wall Street Zen lowered shares of JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a report on Thursday, May 21st. Finally, Zacks Research cut shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, JBT Marel has an average rating of “Moderate Buy” and a consensus target price of $174.67.

JBT Marel 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.