JBT Marel Corporation $JBTM Stake Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in JBT Marel Corporation (NYSE:JBTM) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 89,312 shares of the company’s stock after acquiring an additional 8,913 shares during the quarter. Hsbc Holdings PLC’s holdings in JBT Marel were worth $13,561,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. acquired a new stake in shares of JBT Marel in the 2nd quarter valued at $135,854,000. Gildi lifeyrissjodur acquired a new position in JBT Marel during the fourth quarter valued at approximately $170,862,000. Norges Bank bought a new position in shares of JBT Marel in the fourth quarter valued at approximately $98,435,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of JBT Marel in the second quarter worth $77,963,000. Finally, P2 Capital Partners LLC bought a new stake in shares of JBT Marel during the 2nd quarter worth $65,536,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

JBT Marel Stock Down 3.6%

Shares of JBTM opened at $142.71 on Wednesday. The business’s 50 day simple moving average is $131.77 and its 200-day simple moving average is $141.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61. JBT Marel Corporation has a one year low of $113.67 and a one year high of $170.19. The company has a market capitalization of $7.43 billion, a P/E ratio of 44.60, a PEG ratio of 1.56 and a beta of 0.94.

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. The company had revenue of $936.00 million for the quarter. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. JBT Marel’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, sell-side analysts predict that JBT Marel Corporation will post 8.26 EPS for the current fiscal year.

JBT Marel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were issued a dividend of $0.10 per share. 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 dividend payout ratio (DPR) is 12.50%.

Wall Street Analyst Weigh In

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

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.