JBT Marel (NYSE:JBTM) Upgraded to “Strong-Buy” at Barclays

Barclays upgraded shares of JBT Marel (NYSE:JBTM) to a strong-buy rating in a research note published on Tuesday morning,Zacks reports.

Several other research firms also recently commented on JBTM. Seaport Research Partners set a $165.00 price objective on shares of JBT Marel in a research note on Thursday, May 21st. Wall Street Zen downgraded JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Oppenheimer started coverage on JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price objective on the stock. KeyCorp assumed coverage on shares of JBT Marel in a research note on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of JBT Marel in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.80.

JBT Marel Trading Down 1.6%

JBT Marel stock opened at $115.89 on Tuesday. JBT Marel has a one year low of $113.23 and a one year high of $170.19. The stock has a market cap of $6.01 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24. The stock has a 50-day moving average of $128.71 and a two-hundred day moving average of $132.07.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.07). The company had revenue of $981.00 million for the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, research analysts anticipate that JBT Marel will post 8.04 EPS for the current fiscal year.

JBT Marel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 17th. JBT Marel’s payout ratio is presently 10.90%.

Hedge Funds Weigh In On JBT Marel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its stake in shares of JBT Marel by 14,258.6% during the second quarter. California State Teachers Retirement System now owns 8,729,145 shares of the company’s stock worth $1,265,726,000 after purchasing an additional 8,668,351 shares in the last quarter. BlackRock Inc. purchased a new position in JBT Marel in the 2nd quarter valued at about $1,150,221,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in JBT Marel by 3.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,863,321 shares of the company’s stock valued at $280,747,000 after buying an additional 66,940 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in JBT Marel by 19.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,458,953 shares of the company’s stock valued at $219,821,000 after buying an additional 233,914 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in JBT Marel by 53.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,317,389 shares of the company’s stock worth $198,492,000 after buying an additional 458,980 shares during the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

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.