Legal & General Group Plc Has $32.67 Million Holdings in JBT Marel Corporation $JBTM

Legal & General Group Plc cut its stake in JBT Marel Corporation (NYSE:JBTM) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 216,812 shares of the company’s stock after selling 9,592 shares during the period. Legal & General Group Plc’s holdings in JBT Marel were worth $32,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBTM. UMB Bank n.a. acquired a new position in JBT Marel in the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC acquired a new position in JBT Marel in the 2nd quarter worth $28,000. CI Investments Inc. boosted its stake in JBT Marel by 69.2% in the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in JBT Marel in the 2nd quarter worth $29,000. Finally, Group One Trading LLC boosted its stake in JBT Marel by 49.3% in the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JBT Marel

In other news, CEO Brian A. Deck sold 10,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $151.39, for a total transaction of $1,513,900.00. Following the completion of the transaction, the chief executive officer directly owned 136,301 shares in the company, valued at $20,634,608.39. This represents a 6.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research note on Thursday, May 21st. Oppenheimer assumed coverage on shares of JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price for the company. Weiss Ratings raised shares of JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Zacks Research lowered shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, JBT Marel currently has an average rating of “Moderate Buy” and an average price target of $174.67.

JBT Marel Trading Down 0.4%

JBT Marel stock opened at $134.47 on Friday. The firm has a 50-day moving average of $129.49 and a 200-day moving average of $143.70. JBT Marel Corporation has a one year low of $111.97 and a one year high of $170.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 42.02, a P/E/G ratio of 1.41 and a beta of 0.92.

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

JBT Marel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $0.10 per share. 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 dividend payout ratio is currently 12.50%.

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.