NFJ Investment Group LLC Makes New Investment in JBT Marel Corporation $JBTM

NFJ Investment Group LLC acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 69,663 shares of the company’s stock, valued at approximately $10,101,000. NFJ Investment Group LLC owned about 0.13% of JBT Marel as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of JBT Marel in the second quarter worth about $1,150,221,000. Alliancebernstein L.P. purchased a new position in JBT Marel during the second quarter valued at approximately $135,854,000. Gildi lifeyrissjodur purchased a new position in JBT Marel during the fourth quarter valued at approximately $170,862,000. Norges Bank acquired a new position in JBT Marel in the fourth quarter valued at approximately $98,435,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in JBT Marel in the second quarter valued at approximately $77,963,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Price Performance

Shares of JBTM stock opened at $116.12 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.70. The company has a market capitalization of $6.02 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 1.27 and a beta of 0.94. The firm’s 50-day moving average is $132.98 and its two-hundred day moving average is $136.37. JBT Marel Corporation has a 12 month low of $113.67 and a 12 month high of $170.19.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.07). The firm had revenue of $981.00 million during the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Analysts predict that JBT Marel Corporation will post 8.05 earnings per share for the current year.

JBT Marel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, August 17th. JBT Marel’s dividend payout ratio is presently 10.90%.

Wall Street Analysts Forecast Growth

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

JBT Marel 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.