Peregrine Capital Management LLC Grows Position in JBT Marel Corporation $JBTM

Peregrine Capital Management LLC increased its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,460 shares of the company’s stock after acquiring an additional 10,384 shares during the quarter. Peregrine Capital Management LLC owned about 0.17% of JBT Marel worth $11,184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. bought a new position in shares of JBT Marel during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel in the second quarter worth about $28,000. CI Investments Inc. lifted its position in shares of JBT Marel by 69.2% in the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after buying an additional 83 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of JBT Marel in the second quarter worth about $29,000. Finally, Group One Trading LLC boosted 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 buying an additional 72 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

JBT Marel Stock Up 2.7%

NYSE JBTM opened at $145.05 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. JBT Marel Corporation has a 52 week low of $113.67 and a 52 week high of $170.19. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 1.48 and a beta of 0.95. The company has a fifty day moving average of $130.40 and a two-hundred day moving average of $142.26.

JBT Marel (NYSE:JBTM) last announced its earnings results 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. The business had revenue of $936.00 million for the quarter. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, analysts predict that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Dividend Announcement

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

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.