Olafur Gudmundsson Sells 10,000 Shares of JBT Marel (NYSE:JBTM) Stock

JBT Marel Corporation (NYSE:JBTM) Director Olafur Gudmundsson sold 10,000 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $150.09, for a total value of $1,500,900.00. Following the completion of the sale, the director directly owned 9,980 shares of the company’s stock, valued at approximately $1,497,898.20. The trade was a 50.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

JBT Marel Price Performance

JBT Marel stock opened at $154.60 on Friday. The stock’s 50 day moving average is $137.77 and its 200 day moving average is $134.13. JBT Marel Corporation has a one year low of $90.08 and a one year high of $156.46. The firm has a market cap of $8.03 billion, a P/E ratio of -69.02, a P/E/G ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.93 and a quick ratio of 0.53.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $936.75 million. The business’s revenue for the quarter 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. As a group, research analysts expect that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a research note on Wednesday, October 8th. Jefferies Financial Group raised JBT Marel from a “hold” rating to a “buy” rating and boosted their price target for the company from $150.00 to $180.00 in a research note on Wednesday. Finally, Robert W. Baird set a $169.00 price objective on shares of JBT Marel in a research note on Friday, October 3rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, JBT Marel currently has an average rating of “Moderate Buy” and an average price target of $164.00.

Institutional Investors Weigh In On JBT Marel

Several hedge funds and other institutional investors have recently modified their holdings of JBTM. Salomon & Ludwin LLC acquired a new position in JBT Marel during the third quarter worth $25,000. First Horizon Corp acquired a new stake in shares of JBT Marel in the 3rd quarter worth about $27,000. UMB Bank n.a. bought a new position in JBT Marel in the 3rd quarter valued at about $27,000. Steward Partners Investment Advisory LLC acquired a new position in JBT Marel during the 2nd quarter valued at about $28,000. Finally, EverSource Wealth Advisors LLC acquired a new position in JBT Marel during the 2nd quarter valued at about $28,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Company 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.