Profit Investment Management LLC Makes New Investment in JBT Marel Corporation $JBTM

Profit Investment Management LLC bought a new stake in JBT Marel Corporation (NYSE:JBTM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,466 shares of the company’s stock, valued at approximately $2,032,000. JBT Marel makes up 2.6% of Profit Investment Management LLC’s holdings, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC acquired a new position in shares of JBT Marel during the 2nd quarter valued at about $141,026,000. Alliancebernstein L.P. purchased a new position in JBT Marel during the second quarter worth about $135,854,000. Champlain Investment Partners LLC acquired a new position in JBT Marel in the 2nd quarter valued at about $85,029,000. Bamco Inc. NY acquired a new position in JBT Marel in the 2nd quarter valued at about $84,182,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $83,397,000. 98.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on JBTM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research report on Wednesday, October 8th. Robert W. Baird set a $169.00 target price on JBT Marel in a research note on Friday, October 3rd. Finally, Jefferies Financial Group upgraded JBT Marel from a “hold” rating to a “buy” rating and lifted their target price for the company from $150.00 to $180.00 in a research report on Wednesday, December 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.00.

JBT Marel Stock Up 1.7%

NYSE:JBTM opened at $154.39 on Monday. JBT Marel Corporation has a 52 week low of $90.08 and a 52 week high of $156.46. The stock’s fifty day moving average is $138.86 and its two-hundred day moving average is $135.68. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of -68.92, a price-to-earnings-growth 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) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.43. JBT Marel had a positive return on equity of 7.88% and a negative net margin of 3.39%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate 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. Research analysts anticipate that JBT Marel Corporation will post 5.21 EPS for the current year.

JBT Marel Dividend Announcement

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

Insider Activity at JBT Marel

In other news, Director Olafur S. Gudmundsson sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $141.79, for a total value of $2,835,800.00. Following the completion of the transaction, the director owned 19,980 shares of the company’s stock, valued at approximately $2,832,964.20. This trade represents a 50.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.10% 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.