Hsbc Holdings PLC Purchases Shares of 45,994 JBT Marel Corporation $JBTM

Hsbc Holdings PLC purchased a new position in JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, Holdings Channel reports. The firm purchased 45,994 shares of the company’s stock, valued at approximately $6,615,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. acquired a new position in shares of JBT Marel during the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel in the second quarter valued at about $28,000. Parallel Advisors LLC grew its position in JBT Marel by 1,211.8% during the first quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock worth $29,000 after buying an additional 206 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in JBT Marel during the second quarter worth about $29,000. Finally, Group One Trading LLC increased its stake in JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after acquiring an additional 72 shares during the period. Institutional investors own 98.92% of the company’s stock.

JBT Marel Stock Performance

NYSE:JBTM opened at $118.18 on Friday. JBT Marel Corporation has a 12-month low of $113.23 and a 12-month high of $170.19. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $6.13 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The firm has a 50-day moving average price of $131.53 and a 200 day moving average price of $134.61.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). The business had revenue of $981.00 million for the quarter. JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Research analysts anticipate that JBT Marel Corporation will post 8.04 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio is presently 10.90%.

Wall Street Analysts Forecast Growth

JBTM has been the subject of several recent research reports. Seaport Research Partners set a $165.00 price target on JBT Marel in a report on Thursday, May 21st. Weiss Ratings lowered JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Wall Street Zen cut JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. KeyCorp assumed coverage on JBT Marel in a research note on Tuesday. They issued an “overweight” rating and a $150.00 target price for the company. Finally, Oppenheimer assumed coverage on shares of JBT Marel in a research note on Thursday, May 21st. They set an “outperform” rating and a $175.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.50.

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.