Peregrine Capital Management LLC Acquires 10,384 Shares of JBT Marel Corporation $JBTM

Peregrine Capital Management LLC boosted its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 13.5% in the first quarter, Holdings Channel.com reports. The fund owned 87,460 shares of the company’s stock after acquiring an additional 10,384 shares during the quarter. Peregrine Capital Management LLC’s holdings in JBT Marel were worth $11,184,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. bought a new stake in shares of JBT Marel during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC bought a new position in shares of JBT Marel in the second quarter worth about $28,000. CI Investments Inc. grew its holdings in shares of JBT Marel by 69.2% in the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in JBT Marel in the 2nd quarter worth about $29,000. Finally, Group One Trading LLC increased its stake in JBT Marel by 49.3% in the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after buying an additional 72 shares during the period. Institutional investors own 98.92% of the company’s stock.

JBT Marel Price Performance

Shares of JBTM opened at $145.05 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 1.01. The company has a 50 day moving average price of $130.40 and a 200-day moving average price of $142.26. JBT Marel Corporation has a fifty-two week low of $113.67 and a fifty-two week high of $170.19. The stock has a market capitalization of $7.55 billion, a PE ratio of 45.33, a PEG ratio of 1.48 and a beta of 0.95.

JBT Marel (NYSE:JBTM) last posted its earnings results on Monday, May 4th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The company had revenue of $936.00 million during the quarter. During the same quarter in the prior year, the company earned $0.97 EPS. 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. Equities analysts predict that JBT Marel Corporation will post 8.26 earnings per share for the current fiscal 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. The ex-dividend date was Tuesday, May 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s payout ratio is currently 12.50%.

Wall Street Analysts Forecast Growth

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

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.