JBT Marel Corporation $JBTM Shares Sold by P2 Capital Partners LLC

P2 Capital Partners LLC cut its holdings in JBT Marel Corporation (NYSE:JBTM) by 17.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 449,952 shares of the company’s stock after selling 95,000 shares during the period. JBT Marel comprises approximately 12.1% of P2 Capital Partners LLC’s holdings, making the stock its 2nd largest position. P2 Capital Partners LLC’s holdings in JBT Marel were worth $63,196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in JBT Marel by 1.0% during the third quarter. Vanguard Group Inc. now owns 5,539,674 shares of the company’s stock worth $778,047,000 after purchasing an additional 56,115 shares during the period. Geode Capital Management LLC bought a new position in shares of JBT Marel during the 2nd quarter worth approximately $141,026,000. Alliancebernstein L.P. bought a new position in shares of JBT Marel during the 2nd quarter worth approximately $135,854,000. Champlain Investment Partners LLC acquired a new stake in shares of JBT Marel during the 2nd quarter worth approximately $85,029,000. Finally, Bamco Inc. NY bought a new stake in shares of JBT Marel in the 2nd quarter valued at $84,182,000. Institutional investors own 98.92% of the company’s stock.

Analyst Ratings Changes

JBTM has been the topic of a number of research reports. Zacks Research upgraded shares of JBT Marel from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group upgraded shares of JBT Marel from a “hold” rating to a “buy” rating and upped their price objective for the company from $150.00 to $180.00 in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $174.50.

JBT Marel Trading Down 4.2%

NYSE JBTM opened at $129.57 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. JBT Marel Corporation has a 52 week low of $90.08 and a 52 week high of $170.19. The business has a 50 day moving average price of $157.09 and a 200-day moving average price of $146.53. The company has a market cap of $6.73 billion, a price-to-earnings ratio of -128.28, a P/E/G ratio of 1.43 and a beta of 0.97.

JBT Marel (NYSE:JBTM) last issued its earnings results on Monday, February 23rd. The company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.06. JBT Marel had a positive return on equity of 7.68% and a negative net margin of 1.33%.The company had revenue of $1.01 billion for the quarter. During the same quarter in the prior year, the business earned $1.70 earnings per share. JBT Marel’s revenue for the quarter was up 115.6% on a year-over-year basis. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, equities analysts expect that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. JBT Marel’s dividend payout ratio (DPR) is currently -39.60%.

Insider Activity

In other news, CEO Brian A. Deck sold 10,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $151.39, for a total transaction of $1,513,900.00. Following the completion of the sale, the chief executive officer directly owned 136,301 shares of the company’s stock, valued at $20,634,608.39. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is owned by corporate insiders.

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.