JBT Marel Corporation $JBTM Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 20.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 521,187 shares of the company’s stock after selling 130,654 shares during the period. Victory Capital Management Inc. owned approximately 1.00% of JBT Marel worth $73,201,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Group One Trading LLC grew its holdings in shares of JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after buying an additional 72 shares during the last quarter. CI Investments Inc. lifted its position in JBT Marel by 69.2% during the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after acquiring an additional 83 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of JBT Marel by 15.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 741 shares of the company’s stock valued at $102,000 after purchasing an additional 99 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of JBT Marel by 0.9% in the third quarter. KLP Kapitalforvaltning AS now owns 10,800 shares of the company’s stock valued at $1,517,000 after purchasing an additional 100 shares during the period. Finally, US Bancorp DE raised its stake in shares of JBT Marel by 1.8% during the third quarter. US Bancorp DE now owns 5,993 shares of the company’s stock worth $842,000 after purchasing an additional 104 shares during the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Brian A. Deck sold 8,634 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $150.51, for a total transaction of $1,299,503.34. Following the sale, the chief executive officer owned 127,667 shares of the company’s stock, valued at $19,215,160.17. The trade was a 6.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Olafur S. Gudmundsson sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $150.09, for a total value of $1,500,900.00. Following the completion of the sale, the director owned 9,980 shares in the company, valued at approximately $1,497,898.20. This represents a 50.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 28,634 shares of company stock valued at $4,314,303. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on JBTM. Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $180.00 in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded shares of JBT Marel from a “hold” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $174.50.

JBT Marel Trading Down 1.4%

NYSE:JBTM opened at $152.76 on Friday. JBT Marel Corporation has a 1 year low of $90.08 and a 1 year high of $170.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.98. The stock has a fifty day moving average price of $158.50 and a two-hundred day moving average price of $146.58. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of -151.25, a PEG ratio of 1.64 and a beta of 0.97.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.06. The business had revenue of $1.01 billion for the quarter. JBT Marel had a negative net margin of 1.33% and a positive return on equity of 7.68%. The business’s revenue for the quarter was up 115.6% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, sell-side analysts anticipate that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is -39.60%.

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.