BNP Paribas Financial Markets Has $21.22 Million Position in JBT Marel Corporation $JBTM

BNP Paribas Financial Markets lifted its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 428.1% during the fourth quarter, Holdings Channel reports. The fund owned 140,856 shares of the company’s stock after buying an additional 114,185 shares during the quarter. BNP Paribas Financial Markets’ holdings in JBT Marel were worth $21,223,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of JBT Marel during the 2nd quarter worth about $29,000. EverSource Wealth Advisors LLC acquired a new stake in shares of JBT Marel in the 2nd quarter valued at about $28,000. First Trust Advisors LP acquired a new stake in shares of JBT Marel in the 2nd quarter valued at about $4,285,000. Amundi acquired a new stake in shares of JBT Marel in the 2nd quarter valued at about $974,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of JBT Marel in the 2nd quarter valued at about $1,173,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Wall Street Analyst Weigh In

JBTM has been the subject of several research reports. Weiss Ratings upgraded JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Oppenheimer assumed coverage on JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price for the company. Zacks Research lowered shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Seaport Research Partners set a $165.00 price target on shares of JBT Marel in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.67.

JBT Marel Stock Performance

NYSE JBTM opened at $124.14 on Friday. JBT Marel Corporation has a 52-week low of $113.67 and a 52-week high of $170.19. The company has a 50-day simple moving average of $129.35 and a 200 day simple moving average of $143.27. 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 company has a market capitalization of $6.46 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.95.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings results on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the business earned $0.97 EPS. The company’s revenue for the quarter 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, research analysts predict that JBT Marel Corporation will post 8.26 EPS for the current year.

JBT Marel Announces Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, May 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is presently 12.50%.

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.