Royce & Associates LP Has $100.74 Million Stake in JBT Marel Corporation $JBTM

Royce & Associates LP raised its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 668,588 shares of the company’s stock after purchasing an additional 28,335 shares during the period. JBT Marel accounts for about 1.0% of Royce & Associates LP’s investment portfolio, making the stock its 3rd biggest holding. Royce & Associates LP owned approximately 1.29% of JBT Marel worth $100,736,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Alliancebernstein L.P. bought a new position in shares of JBT Marel in the second quarter worth about $135,854,000. Gildi lifeyrissjodur bought a new position in shares of JBT Marel in the fourth quarter worth about $170,862,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of JBT Marel in the second quarter worth about $77,963,000. P2 Capital Partners LLC bought a new position in shares of JBT Marel in the second quarter worth about $65,536,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of JBT Marel in the second quarter worth about $63,931,000. Institutional investors own 98.92% of the company’s stock.

Insider Activity at JBT Marel

In related news, CEO Brian A. Deck sold 8,634 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $150.51, for a total value of $1,299,503.34. Following the sale, the chief executive officer directly owned 127,667 shares in the company, valued at approximately $19,215,160.17. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

JBT Marel Price Performance

NYSE:JBTM opened at $132.11 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $6.88 billion, a P/E ratio of 41.29, a P/E/G ratio of 1.38 and a beta of 0.92. JBT Marel Corporation has a 12 month low of $111.07 and a 12 month high of $170.19. The business’s 50-day moving average is $129.18 and its 200 day moving average is $143.90.

JBT Marel (NYSE:JBTM) last posted its earnings results on Monday, May 4th. The company reported $1.58 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 return on equity of 8.25% and a net margin of 4.32%.JBT Marel’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, equities research analysts forecast that JBT Marel Corporation will post 8.26 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, May 26th. JBT Marel’s payout ratio is currently 12.50%.

Analyst Ratings Changes

A number of research firms have recently weighed in on JBTM. Seaport Research Partners set a $165.00 price objective on JBT Marel in a research note on Thursday. Weiss Ratings raised JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Zacks Research lowered JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Oppenheimer began coverage on JBT Marel in a research note on Thursday. They issued an “outperform” rating and a $175.00 price objective for the company. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, JBT Marel has a consensus rating of “Moderate Buy” and a consensus target price of $174.67.

About JBT Marel

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.