Hsbc Holdings PLC Purchases New Position in JBT Marel Corporation $JBTM

Hsbc Holdings PLC acquired a new position in JBT Marel Corporation (NYSE:JBTM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,994 shares of the company’s stock, valued at approximately $6,615,000. Hsbc Holdings PLC owned about 0.09% of JBT Marel as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBTM. Legal & General Group Plc bought a new stake in JBT Marel in the second quarter worth approximately $45,764,000. The Manufacturers Life Insurance Company acquired a new position in shares of JBT Marel during the 2nd quarter worth $3,957,000. Cibc World Market Inc. bought a new position in shares of JBT Marel during the 2nd quarter valued at $560,000. Sanctuary Advisors LLC bought a new position in shares of JBT Marel during the 2nd quarter valued at $479,000. Finally, PEAK6 LLC bought a new position in shares of JBT Marel during the 2nd quarter valued at $853,000. Institutional investors own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JBTM. KeyCorp began coverage on shares of JBT Marel in a report on Tuesday. They issued an “overweight” rating and a $150.00 price objective for the company. Seaport Research Partners set a $165.00 target price on JBT Marel in a report on Thursday, May 21st. Wall Street Zen lowered JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Oppenheimer assumed coverage on JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target for the company. Finally, Weiss Ratings downgraded JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, JBT Marel presently has an average rating of “Moderate Buy” and an average target price of $168.50.

JBT Marel Stock Up 0.2%

JBT Marel stock opened at $118.18 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.70. JBT Marel Corporation has a fifty-two week low of $113.23 and a fifty-two week high of $170.19. The firm has a fifty day moving average price of $131.53 and a two-hundred day moving average price of $134.61. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 1.30 and a beta of 0.94.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.07). The business had revenue of $981.00 million during the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. As a group, analysts forecast that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s payout ratio is 10.90%.

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.