UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in JBT Marel Corporation $JBTM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 8.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,818,441 shares of the company’s stock after buying an additional 143,049 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in JBT Marel were worth $263,674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBTM. Wellington Management Group LLP increased its stake in shares of JBT Marel by 21.5% in the 2nd quarter. Wellington Management Group LLP now owns 370,129 shares of the company’s stock worth $53,669,000 after acquiring an additional 65,589 shares in the last quarter. Archer Investment Corp purchased a new position in JBT Marel during the 2nd quarter valued at about $173,000. Kimelman & Baird LLC bought a new stake in JBT Marel during the second quarter worth about $130,000. Jefferies Financial Group Inc. bought a new stake in JBT Marel during the second quarter worth about $1,389,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in JBT Marel in the second quarter worth about $50,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JBTM. Weiss Ratings downgraded shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Seaport Research Partners set a $165.00 price target on JBT Marel in a research report on Thursday, May 21st. KeyCorp began coverage on JBT Marel in a research note on Tuesday, August 25th. They issued an “overweight” rating and a $150.00 price target on the stock. Wall Street Zen lowered JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Finally, Oppenheimer assumed coverage on JBT Marel in a research note on Thursday, May 21st. They set an “outperform” rating and a $175.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.50.

JBT Marel Stock Down 0.9%

Shares of JBT Marel stock opened at $117.17 on Tuesday. The company has a 50-day simple moving average of $131.25 and a two-hundred day simple moving average of $134.04. The stock has a market capitalization of $6.08 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 1.31 and a beta of 0.94. JBT Marel Corporation has a 52-week low of $113.23 and a 52-week high of $170.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). The firm had revenue of $981.00 million for the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, analysts anticipate that JBT Marel Corporation will post 8.04 EPS for the current fiscal year.

JBT Marel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel’s dividend payout ratio is 10.90%.

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.