18,459 Shares in JBT Marel Corporation $JBTM Acquired by Roubaix Capital LLC

Roubaix Capital LLC acquired a new stake in JBT Marel Corporation (NYSE:JBTM) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 18,459 shares of the company’s stock, valued at approximately $2,360,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. grew its holdings in shares of JBT Marel by 5.6% during the fourth quarter. Congress Asset Management Co. now owns 493,139 shares of the company’s stock worth $74,301,000 after buying an additional 26,161 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of JBT Marel by 9,103.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company’s stock worth $3,522,000 after buying an additional 23,122 shares in the last quarter. Gildi lifeyrissjodur purchased a new position in shares of JBT Marel in the fourth quarter worth about $170,862,000. Bessemer Group Inc. boosted its position in JBT Marel by 127.3% during the fourth quarter. Bessemer Group Inc. now owns 386,767 shares of the company’s stock worth $58,275,000 after acquiring an additional 216,602 shares during the last quarter. Finally, Royce & Associates LP boosted its position in JBT Marel by 4.4% during the fourth quarter. Royce & Associates LP now owns 668,588 shares of the company’s stock worth $100,736,000 after acquiring an additional 28,335 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

JBT Marel Stock Down 3.2%

NYSE JBTM opened at $134.29 on Friday. The business’s fifty day simple moving average is $132.81 and its 200-day simple moving average is $141.07. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. The firm has a market cap of $6.99 billion, a PE ratio of 41.97, a P/E/G ratio of 1.41 and a beta of 0.94. JBT Marel Corporation has a 52 week low of $113.67 and a 52 week high of $170.19.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. The firm had revenue of $936.00 million during the quarter. During the same period in the prior year, the company posted $0.97 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, equities analysts anticipate that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, May 26th. JBT Marel’s payout ratio is presently 12.50%.

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.