6,129 JBT Marel Corporation $JBTM Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in JBT Marel Corporation (NYSE:JBTM) by 35.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,018 shares of the company’s stock after selling 6,129 shares during the period. State of Alaska Department of Revenue’s holdings in JBT Marel were worth $1,163,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in JBT Marel by 43.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,290 shares of the company’s stock worth $453,000 after buying an additional 1,308 shares during the period. Gradient Investments LLC acquired a new position in shares of JBT Marel during the third quarter worth approximately $1,008,000. Cim Investment Management Inc. boosted its position in shares of JBT Marel by 7.4% in the second quarter. Cim Investment Management Inc. now owns 2,310 shares of the company’s stock valued at $335,000 after acquiring an additional 159 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of JBT Marel in the second quarter valued at approximately $270,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of JBT Marel in the second quarter valued at approximately $88,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JBTM shares. Weiss Ratings restated a “hold (c)” rating on shares of JBT Marel in a research note on Wednesday, September 2nd. KeyCorp began coverage on shares of JBT Marel in a research note on Tuesday, August 25th. They set an “overweight” rating and a $150.00 target price for the company. Robert W. Baird reduced their price target on shares of JBT Marel from $188.00 to $171.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Finally, Barclays started coverage on shares of JBT Marel in a research report on Tuesday, September 8th. They issued an “overweight” rating and a $150.00 price target on the stock. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $165.20.

JBT Marel Trading Up 0.8%

JBT Marel stock opened at $105.42 on Wednesday. The business has a 50 day moving average price of $112.34 and a two-hundred day moving average price of $125.12. 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 stock has a market cap of $5.47 billion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.94. JBT Marel Corporation has a 12 month low of $102.97 and a 12 month high of $170.19.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data 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 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. As a group, equities analysts forecast that JBT Marel Corporation will post 8.04 EPS for the current year.

JBT Marel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 17th. JBT Marel’s dividend payout ratio (DPR) is 10.90%.

JBT Marel Company Profile

JBT Marel Corporation (NYSE: JBTM) is a global food processing technology company formed through the combination of JBT Corporation and Marel. The company develops, manufactures and services equipment, integrated production lines and software used throughout the food industry, from primary processing to packaging and related automation.

Its products and solutions support the processing of poultry, meat, fish, prepared foods, pet food, plant-based products, fruits and vegetables, and other food categories.