Nicholas Investment Partners LP Invests $3.59 Million in JBT Marel Corporation $JBTM

Nicholas Investment Partners LP bought a new position in JBT Marel Corporation (NYSE:JBTM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 23,842 shares of the company’s stock, valued at approximately $3,592,000.

A number of other hedge funds also recently bought and sold shares of JBTM. Alliancebernstein L.P. bought a new stake in JBT Marel in the 2nd quarter worth approximately $135,854,000. Gildi lifeyrissjodur bought a new stake in JBT Marel in the 4th quarter worth approximately $170,862,000. Norges Bank bought a new stake in JBT Marel in the 4th quarter worth approximately $98,435,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in JBT Marel in the 2nd quarter worth approximately $77,963,000. Finally, P2 Capital Partners LLC bought a new stake in JBT Marel in the 2nd quarter worth approximately $65,536,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Stock Performance

Shares of JBTM stock opened at $125.22 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 1.01. JBT Marel Corporation has a fifty-two week low of $113.67 and a fifty-two week high of $170.19. The stock has a 50 day moving average price of $128.97 and a two-hundred day moving average price of $142.85. The company has a market capitalization of $6.52 billion, a P/E ratio of 39.13, a PEG ratio of 1.32 and a beta of 0.95.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data on Monday, May 4th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.09. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The firm had revenue of $936.00 million during the quarter. During the same quarter in the previous year, the firm posted $0.97 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Analysts expect that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, May 26th. JBT Marel’s dividend payout ratio is currently 12.50%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wall Street Zen upgraded JBT Marel from a “hold” rating to a “buy” rating in a research report on Saturday. Oppenheimer assumed coverage on JBT Marel in a research report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price for the company. Weiss Ratings downgraded JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Seaport Research Partners set a $165.00 target price on JBT Marel in a research report on Thursday, May 21st. Finally, Zacks Research downgraded JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.67.

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.