Bessemer Group Inc. Buys 216,602 Shares of JBT Marel Corporation $JBTM

Bessemer Group Inc. lifted its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 127.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 386,767 shares of the company’s stock after purchasing an additional 216,602 shares during the quarter. Bessemer Group Inc. owned 0.74% of JBT Marel worth $58,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBTM. Northwestern Mutual Wealth Management Co. bought a new stake in shares of JBT Marel during the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC purchased a new position in JBT Marel during the second quarter worth about $28,000. First Trust Advisors LP purchased a new position in JBT Marel during the second quarter worth about $4,285,000. Amundi purchased a new position in JBT Marel during the second quarter worth about $974,000. Finally, Gamco Investors INC. ET AL purchased a new position in JBT Marel during the second quarter worth about $1,173,000. 98.92% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Brian A. Deck sold 10,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $151.39, for a total value of $1,513,900.00. Following the completion of the transaction, the chief executive officer directly owned 136,301 shares in the company, valued at approximately $20,634,608.39. This represents a 6.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.64% of the company’s stock.

JBT Marel Price Performance

JBT Marel stock opened at $125.21 on Friday. JBT Marel Corporation has a 52 week low of $111.07 and a 52 week high of $170.19. The business has a 50-day simple moving average of $131.07 and a 200 day simple moving average of $143.73. 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 stock has a market cap of $6.52 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 1.32 and a beta of 0.92.

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 return on equity of 8.25% and a net margin of 4.32%.The business had revenue of $936.00 million during the quarter. During the same quarter in the previous year, the firm earned $0.97 earnings per share. JBT Marel’s quarterly revenue 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. On average, research analysts forecast that JBT Marel Corporation will post 8.24 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on JBTM. Zacks Research cut JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.50.

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.