Granahan Investment Management LLC Sells 17,202 Shares of JBT Marel Corporation $JBTM

Granahan Investment Management LLC lowered its position in shares of JBT Marel Corporation (NYSE:JBTM) by 21.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,365 shares of the company’s stock after selling 17,202 shares during the period. Granahan Investment Management LLC’s holdings in JBT Marel were worth $8,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in JBT Marel in the 3rd quarter valued at $25,000. First Horizon Corp purchased a new position in shares of JBT Marel during the 3rd quarter valued at $27,000. UMB Bank n.a. bought a new position in shares of JBT Marel in the third quarter worth $27,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of JBT Marel in the second quarter worth $28,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of JBT Marel in the second quarter worth $28,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Price Performance

JBTM stock opened at $129.57 on Monday. The firm has a 50 day simple moving average of $157.09 and a two-hundred day simple moving average of $146.55. The stock has a market cap of $6.73 billion, a PE ratio of -128.28, a P/E/G ratio of 1.37 and a beta of 0.97. JBT Marel Corporation has a one year low of $90.08 and a one year high of $170.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.58.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings data on Monday, February 23rd. The company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.06. JBT Marel had a negative net margin of 1.33% and a positive return on equity of 7.68%. The firm had revenue of $1.01 billion for the quarter. During the same quarter last year, the business posted $1.70 EPS. The business’s quarterly revenue was up 115.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, analysts predict that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

JBT Marel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. JBT Marel’s dividend payout ratio is currently -39.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group raised JBT Marel from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $180.00 in a research note on Wednesday, December 10th. Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a research note on Thursday, January 22nd. Finally, Zacks Research raised JBT Marel from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $174.50.

Insiders Place Their Bets

In other JBT Marel news, CEO Brian A. Deck sold 8,634 shares of JBT Marel stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $150.51, for a total transaction of $1,299,503.34. Following the completion of the sale, the chief executive officer owned 127,667 shares of the company’s stock, valued at $19,215,160.17. The trade was a 6.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by 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.