Bastion Asset Management Inc. Takes $8.56 Million Position in JBT Marel Corporation $JBTM

Bastion Asset Management Inc. acquired a new position in shares of JBT Marel Corporation (NYSE:JBTM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 67,067 shares of the company’s stock, valued at approximately $8,561,000. JBT Marel comprises approximately 2.6% of Bastion Asset Management Inc.’s holdings, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Eurizon Capital SGR S.p.A. bought a new position in JBT Marel in the fourth quarter valued at about $25,000. Group One Trading LLC raised its stake in JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after acquiring an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in JBT Marel during the second quarter worth about $28,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of JBT Marel in the second quarter worth about $29,000. Finally, UMB Bank n.a. lifted its holdings in shares of JBT Marel by 34.4% in the fourth quarter. UMB Bank n.a. now owns 254 shares of the company’s stock worth $38,000 after acquiring an additional 65 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JBTM. Wall Street Zen lowered shares of JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Oppenheimer assumed coverage on shares of JBT Marel in a research report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective for the company. Zacks Research downgraded shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings lowered shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Finally, Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

JBT Marel Stock Performance

JBT Marel stock opened at $138.50 on Friday. The business has a 50 day moving average of $132.92 and a 200-day moving average of $141.12. The company has a market capitalization of $7.21 billion, a P/E ratio of 43.28, a P/E/G ratio of 1.41 and a beta of 0.94. JBT Marel Corporation has a 1 year low of $113.67 and a 1 year high of $170.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61.

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

JBT Marel Dividend Announcement

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

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.