Congress Asset Management Co. Sells 5,972 Shares of JBT Marel Corporation $JBTM

Congress Asset Management Co. lessened its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 598,050 shares of the company’s stock after selling 5,972 shares during the quarter. Congress Asset Management Co. owned approximately 1.15% of JBT Marel worth $63,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. purchased a new position in JBT Marel in the 4th quarter valued at about $25,000. Parallel Advisors LLC grew its holdings in shares of JBT Marel by 1,211.8% during the first quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock worth $29,000 after buying an additional 206 shares in the last quarter. Transamerica Financial Advisors LLC purchased a new stake in shares of JBT Marel during the second quarter worth about $41,000. Public Employees Retirement System of Ohio acquired a new position in shares of JBT Marel in the second quarter valued at approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of JBT Marel in the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen lowered shares of JBT Marel from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Barclays initiated coverage on JBT Marel in a report on Tuesday, September 8th. They issued an “overweight” rating and a $150.00 price target for the company. KeyCorp began coverage on JBT Marel in a research note on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of JBT Marel in a report on Wednesday, September 2nd. Finally, Robert W. Baird lowered their price objective on JBT Marel from $188.00 to $171.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.20.

JBT Marel Trading Down 1.1%

Shares of JBTM traded down $1.23 during mid-day trading on Tuesday, hitting $108.53. The company had a trading volume of 310,573 shares, compared to its average volume of 562,266. The business’s 50-day simple moving average is $118.10 and its 200-day simple moving average is $126.85. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.37. JBT Marel Corporation has a 1-year low of $104.45 and a 1-year high of $170.19. The stock has a market cap of $5.63 billion, a PE ratio of 29.57, a P/E/G ratio of 1.20 and a beta of 0.94.

JBT Marel (NYSE:JBTM) last released its earnings results on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). The company had revenue of $981.00 million during 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. Sell-side analysts forecast that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 17th. JBT Marel’s dividend payout ratio is presently 10.90%.

JBT Marel Profile

JBT Marel Corporation (NYSE:JBTM) is a global food and beverage technology company formed through the combination of JBT Corporation and Marel. The company develops equipment, integrated processing lines and software designed to help food producers automate operations, improve productivity and support food safety and sustainability.

Its products and services serve a broad range of food-processing markets, including poultry, meat, seafood, prepared foods, fruit and vegetables, dairy and pet food.