The Manufacturers Life Insurance Company Invests $3.96 Million in JBT Marel Corporation $JBTM

The Manufacturers Life Insurance Company acquired a new stake in JBT Marel Corporation (NYSE:JBTM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 27,288 shares of the company’s stock, valued at approximately $3,957,000.

A number of other institutional investors have also recently made changes to their positions in JBTM. Cibc World Market Inc. purchased a new stake in JBT Marel during the 2nd quarter worth approximately $560,000. Sanctuary Advisors LLC purchased a new position in JBT Marel in the 2nd quarter valued at approximately $479,000. PEAK6 LLC purchased a new position in JBT Marel in the 2nd quarter valued at approximately $853,000. Elevation Point Wealth Partners LLC acquired a new position in shares of JBT Marel in the second quarter worth $376,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of JBT Marel in the second quarter worth $51,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on JBTM shares. Seaport Research Partners set a $165.00 price objective on JBT Marel in a research note on Thursday, May 21st. Weiss Ratings cut JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. KeyCorp assumed 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. Oppenheimer started coverage on JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target on the stock. Finally, Wall Street Zen lowered JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, JBT Marel presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.50.

JBT Marel Stock Performance

NYSE:JBTM opened at $116.48 on Wednesday. JBT Marel Corporation has a 12 month low of $113.23 and a 12 month high of $170.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.70. The firm has a market capitalization of $6.04 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94. The business’s fifty day moving average price is $130.98 and its 200 day moving average price is $133.70.

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

JBT Marel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a dividend of $0.10 per share. 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%.

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.