Geode Capital Management LLC Purchases 8,291 Shares of JBT Marel Corporation $JBTM

Geode Capital Management LLC boosted its position in shares of JBT Marel Corporation (NYSE:JBTM) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,246,584 shares of the company’s stock after buying an additional 8,291 shares during the quarter. Geode Capital Management LLC’s holdings in JBT Marel were worth $187,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position 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 acquiring an additional 56,115 shares in the last quarter. Alliancebernstein L.P. bought a new stake in JBT Marel during the second quarter worth $135,854,000. Gildi lifeyrissjodur bought a new stake in JBT Marel during the fourth quarter worth $170,862,000. Royce & Associates LP raised its position in JBT Marel by 4.4% during the fourth quarter. Royce & Associates LP now owns 668,588 shares of the company’s stock worth $100,736,000 after acquiring an additional 28,335 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in JBT Marel by 8.4% during the third quarter. Artisan Partners Limited Partnership now owns 663,523 shares of the company’s stock worth $93,192,000 after acquiring an additional 51,576 shares in the last quarter. 98.92% of the stock is owned by institutional investors.

JBT Marel Price Performance

Shares of JBTM opened at $127.06 on Thursday. The firm has a market capitalization of $6.62 billion, a PE ratio of 39.70, a PEG ratio of 1.36 and a beta of 0.95. The company’s 50-day moving average is $129.52 and its 200-day moving average is $143.47. JBT Marel Corporation has a fifty-two week low of $113.67 and a fifty-two week high of $170.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, May 4th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.09. The company had revenue of $936.00 million for the quarter. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. JBT Marel’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities analysts forecast that JBT Marel Corporation will post 8.26 EPS for the current year.

JBT Marel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio is presently 12.50%.

Analysts Set New Price Targets

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

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.