Legato Capital Management LLC Has $2.43 Million Stock Holdings in JBT Marel Corporation $JBTM

Legato Capital Management LLC raised its holdings in JBT Marel Corporation (NYSE:JBTM) by 78.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,118 shares of the company’s stock after purchasing an additional 7,078 shares during the quarter. Legato Capital Management LLC’s holdings in JBT Marel were worth $2,428,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Park Avenue Securities LLC boosted its holdings in shares of JBT Marel by 1.0% in the 4th quarter. Park Avenue Securities LLC now owns 6,576 shares of the company’s stock valued at $991,000 after purchasing an additional 66 shares in the last quarter. Group One Trading LLC boosted its holdings in shares of JBT Marel by 49.3% in the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after purchasing an additional 72 shares in the last quarter. CI Investments Inc. boosted its holdings in shares of JBT Marel by 69.2% in the 3rd quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of JBT Marel by 1.8% in the 3rd quarter. US Bancorp DE now owns 5,993 shares of the company’s stock valued at $842,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings raised JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Oppenheimer assumed coverage on JBT Marel in a report on Thursday. They issued an “outperform” rating and a $175.00 target price on the stock. Seaport Research Partners set a $165.00 target price on JBT Marel in a report on Thursday. Finally, Zacks Research downgraded JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

Insider Buying and Selling

In other JBT Marel news, CEO Brian A. Deck sold 10,000 shares of JBT Marel 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 of the company’s stock, valued at approximately $20,634,608.39. The trade was a 6.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.64% of the company’s stock.

JBT Marel Trading Up 1.8%

NYSE JBTM opened at $132.11 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. JBT Marel Corporation has a twelve month low of $111.07 and a twelve month high of $170.19. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The business’s fifty day moving average is $129.24 and its 200 day moving average is $143.80.

JBT Marel (NYSE:JBTM) last released its quarterly earnings data 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 period last year, the business earned $0.97 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, sell-side analysts expect that JBT Marel Corporation will post 8.26 EPS for the current fiscal year.

JBT Marel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is 12.50%.

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.