Insider Selling: JBT Marel (NYSE:JBTM) CEO Sells 8,634 Shares of Stock

JBT Marel Corporation (NYSE:JBTM) CEO Brian Deck sold 8,634 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $150.51, for a total transaction of $1,299,503.34. Following the completion of the transaction, the chief executive officer owned 127,667 shares in the company, valued at approximately $19,215,160.17. This trade represents a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

JBT Marel Price Performance

Shares of NYSE JBTM traded up $1.80 during mid-day trading on Wednesday, hitting $154.87. 427,157 shares of the stock were exchanged, compared to its average volume of 537,351. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $170.19. The stock’s fifty day simple moving average is $158.55 and its two-hundred day simple moving average is $146.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.98. The company has a market cap of $8.05 billion, a P/E ratio of -153.34, a PEG ratio of 1.64 and a beta of 0.97.

JBT Marel (NYSE:JBTM) last released its quarterly earnings results on Monday, February 23rd. The company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.06. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The business had revenue of $1.01 billion for the quarter. During the same quarter last year, the company earned $1.70 earnings per share. The firm’s revenue was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, analysts forecast that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

JBT Marel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid a $0.10 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is -39.60%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Summit Global Investments acquired a new position in JBT Marel in the third quarter valued at approximately $1,052,000. Diversified Trust Co acquired a new stake in JBT Marel during the 3rd quarter worth $1,061,000. Confluence Investment Management LLC bought a new stake in shares of JBT Marel during the 3rd quarter valued at $12,034,000. New York State Common Retirement Fund lifted its stake in shares of JBT Marel by 13.3% in the 3rd quarter. New York State Common Retirement Fund now owns 120,212 shares of the company’s stock valued at $16,884,000 after purchasing an additional 14,105 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of JBT Marel by 344.1% in the 2nd quarter. Squarepoint Ops LLC now owns 37,889 shares of the company’s stock valued at $4,557,000 after purchasing an additional 29,358 shares during the period. Institutional investors own 98.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Zacks Research raised shares of JBT Marel from a “hold” rating to a “strong-buy” rating in a report on Monday. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and increased their price target for the company from $150.00 to $180.00 in a research note on Wednesday, December 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $174.50.

JBT Marel Company 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.