Callan Family Office LLC Takes Position in JBT Marel Corporation $JBTM

Callan Family Office LLC bought a new stake in shares of JBT Marel Corporation (NYSE:JBTM) in the 2nd quarter, Holdings Channel.com reports. The firm bought 4,432 shares of the company’s stock, valued at approximately $643,000.

A number of other hedge funds have also recently bought and sold shares of JBTM. BlackRock Inc. bought a new stake in JBT Marel in the second quarter worth about $1,150,221,000. Alliancebernstein L.P. acquired a new stake in JBT Marel in the 2nd quarter valued at about $135,854,000. Gildi lifeyrissjodur bought a new position in shares of JBT Marel during the 4th quarter valued at about $170,862,000. Norges Bank bought a new position in shares of JBT Marel during the 4th quarter valued at about $98,435,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of JBT Marel during the 2nd quarter valued at about $77,963,000. 98.92% of the stock is owned by institutional investors and hedge funds.

JBT Marel Price Performance

NYSE JBTM opened at $118.28 on Wednesday. The stock’s 50-day moving average price is $132.31 and its two-hundred day moving average price is $135.38. 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 company has a market cap of $6.14 billion, a PE ratio of 32.23, a PEG ratio of 1.27 and a beta of 0.94. JBT Marel Corporation has a 1 year low of $113.23 and a 1 year high of $170.19.

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.07). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The firm 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, analysts predict that JBT Marel Corporation will post 8.05 EPS for the current year.

JBT Marel Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on JBTM shares. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a report on Thursday, May 21st. Weiss Ratings cut shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Oppenheimer assumed coverage on shares of JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target on the stock. Wall Street Zen downgraded JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, KeyCorp began coverage on JBT Marel in a research note on Tuesday. They set an “overweight” rating and a $150.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.50.

JBT Marel 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.