Norges Bank Buys New Shares in JBT Marel Corporation $JBTM

Norges Bank bought a new stake in JBT Marel Corporation (NYSE:JBTM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 653,312 shares of the company’s stock, valued at approximately $98,435,000. Norges Bank owned about 1.26% of JBT Marel at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JBTM. Eurizon Capital SGR S.p.A. acquired a new stake in JBT Marel during the fourth quarter worth about $25,000. UMB Bank n.a. acquired a new stake in JBT Marel during the third quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new stake in JBT Marel during the second quarter worth about $28,000. Northwestern Mutual Wealth Management Co. acquired a new stake in JBT Marel during the second quarter worth about $29,000. Finally, CI Investments Inc. increased its stake in JBT Marel by 69.2% during the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after acquiring an additional 83 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

JBT Marel Price Performance

JBTM stock opened at $124.14 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 1.01. JBT Marel Corporation has a 1 year low of $113.67 and a 1 year high of $170.19. The firm has a market cap of $6.46 billion, a P/E ratio of 38.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.95. The stock has a 50-day simple moving average of $129.35 and a 200-day simple moving average of $143.27.

JBT Marel (NYSE:JBTM) last posted its earnings results on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The business had revenue of $936.00 million during the quarter. During the same quarter last year, the business posted $0.97 EPS. JBT Marel’s quarterly 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. On average, equities analysts predict that JBT Marel Corporation will post 8.26 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. Stockholders of record on Tuesday, May 26th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is 12.50%.

Analysts Set New Price Targets

Several equities research analysts have commented on JBTM shares. Seaport Research Partners set a $165.00 price target on JBT Marel in a research note on Thursday, May 21st. Weiss Ratings upgraded JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Oppenheimer started coverage on JBT Marel in a research note on Thursday, May 21st. They set an “outperform” rating and a $175.00 price target for the company. Finally, Zacks Research lowered JBT Marel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.67.

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.