William Blair Investment Management LLC Purchases New Stake in JBT Marel Corporation $JBTM

William Blair Investment Management LLC acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 465,376 shares of the company’s stock, valued at approximately $67,480,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. acquired a new position in JBT Marel in the fourth quarter worth 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 valued at $31,000 after buying an additional 72 shares in the last quarter. Parallel Advisors LLC lifted its holdings in JBT Marel by 1,211.8% during the 1st quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock worth $29,000 after buying an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of JBT Marel in the 2nd quarter worth approximately $28,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of JBT Marel in the 2nd quarter worth approximately $29,000. 98.92% of the stock is owned by institutional investors and hedge funds.

JBT Marel Stock Performance

Shares of NYSE JBTM opened at $117.07 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $132.81 and a 200-day simple moving average of $136.24. The company has a market cap of $6.07 billion, a PE ratio of 31.90, a P/E/G ratio of 1.28 and a beta of 0.94. JBT Marel Corporation has a 12-month low of $113.67 and a 12-month high of $170.19.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data 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). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The business had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, equities research analysts forecast that JBT Marel Corporation will post 8.05 EPS for the current year.

JBT Marel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio is presently 10.90%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings lowered JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Oppenheimer started coverage on shares of JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price objective for the company. Wall Street Zen lowered 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 target price on shares of JBT Marel in a report on Thursday, May 21st. Finally, Zacks Research downgraded shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.