Man Group plc Takes Position in JBT Marel Corporation $JBTM

Man Group plc acquired a new stake in JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, HoldingsChannel reports. The firm acquired 22,754 shares of the company’s stock, valued at approximately $3,299,000.

A number of other institutional investors also recently modified their holdings of JBTM. Jupiter Topco LLC acquired a new position in JBT Marel in the second quarter worth approximately $3,376,000. Hsbc Holdings PLC bought a new stake in JBT Marel in the second quarter worth approximately $6,615,000. 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. Finally, Cibc World Market Inc. acquired a new position in shares of JBT Marel during the 2nd quarter worth $560,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on JBTM shares. KeyCorp started coverage on JBT Marel in a report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 target price on the stock. Seaport Research Partners set a $165.00 target price on JBT Marel in a report on Thursday, May 21st. Weiss Ratings downgraded 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 report on Sunday, June 21st. Finally, Oppenheimer started coverage on shares of JBT Marel in a report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.50.

JBT Marel Stock Performance

JBTM opened at $117.17 on Tuesday. The stock has a market cap of $6.08 billion, a PE ratio of 31.93, a P/E/G ratio of 1.31 and a beta of 0.94. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. JBT Marel Corporation has a 1 year low of $113.23 and a 1 year high of $170.19. The stock’s 50 day simple moving average is $131.25 and its 200-day simple moving average is $134.04.

JBT Marel (NYSE:JBTM) last posted 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). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The business had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Sell-side analysts forecast that JBT Marel Corporation will post 8.04 EPS for the current year.

JBT Marel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a $0.10 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s payout ratio is presently 10.90%.

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.