Legato Capital Management LLC Acquires 5,690 Shares of JBT Marel Corporation $JBTM

Legato Capital Management LLC grew its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 169.9% in the 3rd quarter, Holdings Channel reports. The fund owned 9,040 shares of the company’s stock after buying an additional 5,690 shares during the period. Legato Capital Management LLC’s holdings in JBT Marel were worth $1,270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JBTM. Salomon & Ludwin LLC bought a new stake in shares of JBT Marel during the 3rd quarter valued at approximately $25,000. First Horizon Corp bought a new position in JBT Marel in the 3rd quarter valued at approximately $27,000. UMB Bank n.a. acquired a new stake in JBT Marel in the third quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC acquired a new stake in JBT Marel in the second quarter valued at approximately $28,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel during the second quarter worth $28,000. Institutional investors own 98.92% of the company’s stock.

Insiders Place Their Bets

In related news, Director Olafur S. Gudmundsson sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $150.09, for a total value of $1,500,900.00. Following the transaction, the director owned 9,980 shares in the company, valued at $1,497,898.20. The trade was a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

JBT Marel Trading Down 0.9%

Shares of JBTM stock opened at $153.01 on Wednesday. JBT Marel Corporation has a 1-year low of $90.08 and a 1-year high of $170.19. The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 0.33. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of -151.50, a PEG ratio of 1.64 and a beta of 0.97. The stock has a 50-day moving average of $158.55 and a 200-day moving average of $146.47.

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, February 23rd. The company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.92 by $0.06. The business had revenue of $1.01 billion for the quarter. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The business’s revenue was up 115.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.70 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, equities research analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. JBT Marel’s dividend payout ratio (DPR) is currently -39.60%.

Wall Street Analyst Weigh In

JBTM has been the subject of a number of research reports. Jefferies Financial Group upgraded JBT Marel from a “hold” rating to a “buy” rating and increased their price target for the company from $150.00 to $180.00 in a research note on Wednesday, December 10th. Zacks Research raised JBT Marel from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $174.50.

JBT Marel Company 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.