JBT Marel Corporation $JBTM Holdings Cut by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 41.4% during the 1st quarter, HoldingsChannel reports. The fund owned 52,296 shares of the company’s stock after selling 37,016 shares during the period. Hsbc Holdings PLC’s holdings in JBT Marel were worth $6,650,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Granite Investment Partners LLC raised its holdings in shares of JBT Marel by 3.1% during the first quarter. Granite Investment Partners LLC now owns 22,295 shares of the company’s stock worth $2,851,000 after acquiring an additional 667 shares in the last quarter. Personal CFO Solutions LLC grew its stake in JBT Marel by 9.5% in the first quarter. Personal CFO Solutions LLC now owns 2,868 shares of the company’s stock valued at $367,000 after purchasing an additional 250 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in JBT Marel in the first quarter valued at about $332,000. Conestoga Capital Advisors LLC increased its position in JBT Marel by 3.1% in the 1st quarter. Conestoga Capital Advisors LLC now owns 194,415 shares of the company’s stock worth $24,860,000 after purchasing an additional 5,813 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its position in JBT Marel by 13.5% in the 1st quarter. Peregrine Capital Management LLC now owns 87,460 shares of the company’s stock worth $11,184,000 after purchasing an additional 10,384 shares during the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

JBT Marel Price Performance

Shares of NYSE:JBTM opened at $134.75 on Friday. JBT Marel Corporation has a fifty-two week low of $113.67 and a fifty-two week high of $170.19. The business has a 50-day moving average of $133.25 and a two-hundred day moving average of $140.47. The stock has a market capitalization of $7.02 billion, a P/E ratio of 42.11, a P/E/G ratio of 1.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, May 4th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The business had revenue of $936.00 million for the quarter. During the same period in the prior year, the company posted $0.97 EPS. The business’s revenue 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, equities research analysts predict that JBT Marel Corporation will post 8.26 EPS for the current fiscal year.

JBT Marel Dividend Announcement

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

Wall Street Analyst Weigh In

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