JBT Marel (NYSE:JBTM) Stock Price Up 5% – Here’s What Happened

by · The Markets Daily

JBT Marel Corporation (NYSE:JBTM – Get Free Report)’s share price shot up 5% during mid-day trading on Wednesday . The stock traded as high as $147.21 and last traded at $144.7360. 173,572 shares traded hands during trading, a decline of 68% from the average session volume of 548,455 shares. The stock had previously closed at $137.81.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on JBTM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and lifted their price target for the company from $150.00 to $180.00 in a research report on Wednesday. Finally, Robert W. Baird set a $169.00 price objective on JBT Marel in a report on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, JBT Marel currently has an average rating of “Moderate Buy” and an average target price of $164.00.

Get Our Latest Stock Report on JBTM

JBT Marel Stock Down 0.6%

The business’s fifty day moving average is $137.58 and its two-hundred day moving average is $133.85. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of -69.02, a PEG ratio of 1.80 and a beta of 1.01. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.34.

JBT Marel (NYSE:JBTM – Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.51 by $0.43. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $936.75 million. The business’s quarterly revenue was up 120.6% compared to the same quarter last year. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. Equities analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 15th. JBT Marel’s payout ratio is presently -17.86%.

Insider Transactions at JBT Marel

In other news, Director Olafur S. Gudmundsson sold 10,000 shares of JBT Marel stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $150.09, for a total value of $1,500,900.00. Following the completion of the transaction, the director owned 9,980 shares in the company, valued at approximately $1,497,898.20. This trade represents a 50.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JBTM. Group One Trading LLC raised its stake in JBT Marel by 49.3% during the 3rd quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after acquiring an additional 72 shares in the last quarter. CI Investments Inc. increased its position in shares of JBT Marel by 69.2% during the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of JBT Marel by 15.4% during the third quarter. Smartleaf Asset Management LLC now owns 741 shares of the company’s stock worth $102,000 after purchasing an additional 99 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of JBT Marel by 0.9% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 10,800 shares of the company’s stock valued at $1,517,000 after purchasing an additional 100 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of JBT Marel by 1.8% in the 3rd quarter. US Bancorp DE now owns 5,993 shares of the company’s stock valued at $842,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 98.92% of the company’s stock.

JBT Marel Company Profile

(Get Free Report)

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.

Read More