State of Alaska Department of Revenue Sells 6,129 Shares of JBT Marel Corporation $JBTM

State of Alaska Department of Revenue lowered its holdings in JBT Marel Corporation (NYSE:JBTM) by 35.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,018 shares of the company’s stock after selling 6,129 shares during the quarter. State of Alaska Department of Revenue’s holdings in JBT Marel were worth $1,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in JBT Marel by 1,211.8% in the first quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock worth $29,000 after purchasing an additional 206 shares in the last quarter. Transamerica Financial Advisors LLC acquired a new stake in JBT Marel during the second quarter valued at approximately $41,000. Public Employees Retirement System of Ohio acquired a new stake in JBT Marel during the second quarter valued at approximately $50,000. Northwestern Mutual Wealth Management Co. acquired a new stake in JBT Marel during the second quarter valued at approximately $51,000. Finally, State of Wyoming bought a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $75,000. Institutional investors own 98.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays started coverage on JBT Marel in a report on Tuesday, September 8th. They issued an “overweight” rating and a $150.00 target price for the company. KeyCorp started coverage on JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of JBT Marel in a research note on Wednesday, September 2nd. Finally, Robert W. Baird lowered their price target on JBT Marel from $188.00 to $171.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.20.

JBT Marel Trading Up 0.8%

Shares of JBT Marel stock opened at $105.42 on Wednesday. The stock has a market capitalization of $5.47 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $112.34 and a 200 day simple moving average of $125.12. JBT Marel Corporation has a 12-month low of $102.97 and a 12-month high of $170.19.

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 the consensus estimate of $2.02 by ($0.07). The firm had revenue of $981.00 million for the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Research analysts expect that JBT Marel Corporation will post 8.04 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.10 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. JBT Marel’s payout ratio is 10.90%.

JBT Marel Company Profile

JBT Marel Corporation (NYSE: JBTM) is a global food processing technology company formed through the combination of JBT Corporation and Marel. The company develops, manufactures and services equipment, integrated production lines and software used throughout the food industry, from primary processing to packaging and related automation.

Its products and solutions support the processing of poultry, meat, fish, prepared foods, pet food, plant-based products, fruits and vegetables, and other food categories.