UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 143,049 Shares of JBT Marel Corporation $JBTM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,818,441 shares of the company’s stock after acquiring an additional 143,049 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 3.51% of JBT Marel worth $263,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted its position 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. Main Management ETF Advisors LLC grew its holdings in shares of JBT Marel by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 7,047 shares of the company’s stock worth $1,062,000 after purchasing an additional 72 shares during the last quarter. Group One Trading LLC grew 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 purchasing an additional 72 shares during the last quarter. Redmond Asset Management LLC increased its stake in shares of JBT Marel by 1.3% in the fourth quarter. Redmond Asset Management LLC now owns 7,788 shares of the company’s stock worth $1,173,000 after buying an additional 101 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in JBT Marel by 7.5% during the 4th quarter. Sanctuary Advisors LLC now owns 1,613 shares of the company’s stock valued at $243,000 after buying an additional 113 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on JBTM. Seaport Research Partners set a $165.00 price target on shares of JBT Marel in a research report on Thursday, May 21st. Wall Street Zen cut shares of JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Oppenheimer started coverage on shares of JBT Marel in a research note on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective for the company. Weiss Ratings lowered shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, KeyCorp began coverage on JBT Marel in a report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.50.

JBT Marel Stock Down 0.9%

Shares of JBT Marel stock opened at $117.17 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $131.25 and its two-hundred day simple moving average is $134.04. The company has a market cap of $6.08 billion, a P/E ratio of 31.93, a PEG ratio of 1.31 and a beta of 0.94. JBT Marel Corporation has a 12-month low of $113.23 and a 12-month high of $170.19.

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

JBT Marel Dividend Announcement

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