JBT Marel Corporation $JBTM Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC cut its position in shares of JBT Marel Corporation (NYSE:JBTM) by 21.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 264,986 shares of the company’s stock after selling 70,421 shares during the quarter. TimesSquare Capital Management LLC’s holdings in JBT Marel were worth $39,925,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Summit Global Investments acquired a new position in shares of JBT Marel during the 3rd quarter valued at $1,052,000. Lighthouse Investment Partners LLC boosted its position in JBT Marel by 48.8% during the third quarter. Lighthouse Investment Partners LLC now owns 37,679 shares of the company’s stock valued at $5,292,000 after purchasing an additional 12,349 shares during the last quarter. New York State Common Retirement Fund boosted its position in JBT Marel by 13.3% during the third quarter. New York State Common Retirement Fund now owns 120,212 shares of the company’s stock valued at $16,884,000 after purchasing an additional 14,105 shares during the last quarter. Linden Advisors LP acquired a new stake in JBT Marel during the third quarter valued at $12,149,000. Finally, Congress Asset Management Co. boosted its position in JBT Marel by 5.6% during the fourth quarter. Congress Asset Management Co. now owns 493,139 shares of the company’s stock valued at $74,301,000 after purchasing an additional 26,161 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JBT Marel news, CEO Brian A. Deck sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $151.39, for a total transaction of $1,513,900.00. Following the transaction, the chief executive officer directly owned 136,301 shares in the company, valued at $20,634,608.39. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by company insiders.

JBT Marel Price Performance

NYSE JBTM opened at $126.84 on Tuesday. JBT Marel Corporation has a fifty-two week low of $111.07 and a fifty-two week high of $170.19. The stock’s 50-day moving average is $130.55 and its two-hundred day moving average is $143.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61. The firm has a market cap of $6.60 billion, a P/E ratio of 39.64, a price-to-earnings-growth ratio of 1.32 and a beta of 0.92.

JBT Marel (NYSE:JBTM) last posted 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. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The company had revenue of $936.00 million for the quarter. During the same quarter last year, the business earned $0.97 earnings per share. JBT Marel’s quarterly 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, analysts anticipate that JBT Marel Corporation will post 8.24 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 Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, May 26th. JBT Marel’s dividend payout ratio (DPR) is 12.50%.

Wall Street Analyst Weigh In

JBTM has been the subject of a number of research reports. Weiss Ratings raised JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Zacks Research cut JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.50.

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.