DAVENPORT & Co LLC Takes Position in JBT Marel Corporation $JBTM

DAVENPORT & Co LLC purchased a new stake in JBT Marel Corporation (NYSE:JBTM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,315 shares of the company’s stock, valued at approximately $1,722,000.

A number of other large investors also recently modified their holdings of the company. Fifth Third Bancorp bought a new position in shares of JBT Marel in the 2nd quarter valued at $50,000. Public Employees Retirement System of Ohio bought a new position in shares of JBT Marel in the 2nd quarter valued at $63,000. Hilltop National Bank bought a new position in shares of JBT Marel in the 2nd quarter valued at $89,000. Sage Rhino Capital LLC bought a new position in shares of JBT Marel in the 2nd quarter valued at $208,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of JBT Marel in the 2nd quarter valued at $272,000. 98.92% of the stock is currently owned by institutional investors.

JBT Marel Stock Performance

JBTM stock opened at $141.16 on Friday. The stock has a 50-day moving average price of $139.96 and a 200-day moving average price of $124.82. JBT Marel Corporation has a 1-year low of $90.08 and a 1-year high of $148.76. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.35. The firm has a market cap of $7.34 billion, a PE ratio of -61.64, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings data on Monday, August 4th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.22. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%.The firm had revenue of $934.80 million during the quarter, compared to analyst estimates of $898.77 million. The firm’s revenue for the quarter was up 132.4% on a year-over-year basis. JBT Marel has set its Q3 2025 guidance at EPS. FY 2025 guidance at 5.450-6.150 EPS. As a group, equities research analysts expect that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio (DPR) is -17.47%.

Analyst Ratings Changes

JBTM has been the subject of several analyst reports. Robert W. Baird set a $169.00 target price on JBT Marel in a research report on Friday, October 3rd. William Blair raised JBT Marel from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

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.