JBT Marel Corporation (JBTM) To Go Ex-Dividend on December 15th

JBT Marel Corporation (NYSE:JBTM) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.10 per share on Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 15th.

JBT Marel Stock Down 0.6%

JBTM traded down $0.95 during trading on Friday, hitting $154.60. 438,029 shares of the company’s stock were exchanged, compared to its average volume of 464,527. JBT Marel has a fifty-two week low of $90.08 and a fifty-two week high of $156.46. The stock has a market cap of $8.03 billion, a P/E ratio of -69.02, a PEG ratio of 1.82 and a beta of 1.01. The business’s 50 day moving average is $137.77 and its two-hundred day moving average is $134.13. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.34.

JBT Marel (NYSE:JBTM) last released its earnings results on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.43. JBT Marel had a positive return on equity of 7.88% and a negative net margin of 3.39%.The company had revenue of $1 billion during the quarter, compared to analyst estimates of $936.75 million. JBT Marel’s quarterly revenue was up 120.6% on a year-over-year basis. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. As a group, equities analysts expect that JBT Marel will post 5.21 earnings per share for the current fiscal year.

Insider Transactions at JBT Marel

In other JBT Marel news, Director Olafur S. Gudmundsson sold 20,000 shares of JBT Marel stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $141.79, for a total transaction of $2,835,800.00. Following the completion of the transaction, the director owned 19,980 shares in the company, valued at approximately $2,832,964.20. The trade was a 50.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JBT Marel

A number of hedge funds have recently modified their holdings of JBTM. Salomon & Ludwin LLC bought a new stake in JBT Marel in the 3rd quarter valued at $25,000. First Horizon Corp bought a new position in shares of JBT Marel during the 3rd quarter valued at about $27,000. UMB Bank n.a. purchased a new position in shares of JBT Marel during the third quarter valued at about $27,000. Steward Partners Investment Advisory LLC purchased a new position in JBT Marel during the 2nd quarter valued at approximately $28,000. Finally, EverSource Wealth Advisors LLC bought a new stake in JBT Marel in the second quarter worth $28,000. Institutional investors own 98.92% of the company’s stock.

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.