Confluence Investment Management LLC Reduces Stock Holdings in JBT Marel Corporation $JBTM

Confluence Investment Management LLC reduced its position in shares of JBT Marel Corporation (NYSE:JBTM) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,591 shares of the company’s stock after selling 13,089 shares during the period. Confluence Investment Management LLC’s holdings in JBT Marel were worth $10,937,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JBTM. Alliancebernstein L.P. purchased a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $135,854,000. Champlain Investment Partners LLC acquired a new stake in shares of JBT Marel during the 2nd quarter worth approximately $85,029,000. Bamco Inc. NY purchased a new stake in shares of JBT Marel during the 2nd quarter valued at approximately $84,182,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in JBT Marel in the second quarter valued at approximately $77,963,000. Finally, Norges Bank acquired a new position in JBT Marel in the second quarter valued at approximately $77,470,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Price Performance

JBT Marel stock opened at $130.22 on Friday. The company’s 50 day simple moving average is $155.06 and its 200-day simple moving average is $146.16. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of -128.93, a price-to-earnings-growth ratio of 1.38 and a beta of 0.97. 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.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings data 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. JBT Marel had a negative net margin of 1.33% and a positive return on equity of 7.68%. The firm had revenue of $1.01 billion during the quarter. During the same period in the previous year, the business posted $1.70 EPS. The business’s revenue for the quarter was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, equities research analysts expect that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid 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 dividend yield of 0.3%. JBT Marel’s payout ratio is presently -39.60%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JBTM. Jefferies Financial Group upgraded JBT Marel from a “hold” rating to a “buy” rating and increased their price objective for the stock 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 report on Thursday, January 22nd. Finally, Zacks Research raised JBT Marel from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $174.50.

Insider Buying and Selling at JBT Marel

In related news, CEO Brian A. Deck sold 8,634 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $150.51, for a total value of $1,299,503.34. Following the sale, the chief executive officer owned 127,667 shares in the company, valued at approximately $19,215,160.17. The trade was a 6.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.69% of the company’s stock.

JBT Marel Company 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.