Louisiana State Employees Retirement System Makes New Investment in JBT Marel Corporation $JBTM

Louisiana State Employees Retirement System acquired a new position in shares of JBT Marel Corporation (NYSE:JBTM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 23,000 shares of the company’s stock, valued at approximately $2,941,000.

Several other large investors have also modified their holdings of the stock. Eurizon Capital SGR S.p.A. acquired a new stake in JBT Marel during the 4th quarter worth $25,000. CI Investments Inc. boosted its stake in JBT Marel by 69.2% in the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after acquiring an additional 83 shares in the last quarter. Group One Trading LLC grew its holdings in shares of JBT Marel by 49.3% during the third 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 last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of JBT Marel during the second quarter worth about $28,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JBT Marel during the second quarter worth about $29,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Analyst Ratings Changes

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

JBT Marel Price Performance

Shares of NYSE:JBTM opened at $139.39 on Monday. The company has a 50-day simple moving average of $129.90 and a 200-day simple moving average of $142.30. JBT Marel Corporation has a one year low of $113.67 and a one year high of $170.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 1.01. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 43.56, a PEG ratio of 1.46 and a beta of 0.95.

JBT Marel (NYSE:JBTM) last released its quarterly 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 firm 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%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, analysts predict that JBT Marel Corporation will post 8.26 EPS for the current year.

JBT Marel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, May 26th. JBT Marel’s dividend payout ratio (DPR) is presently 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.