JBT Marel Corporation $JBTM Stock Position Decreased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 25.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,275 shares of the company’s stock after selling 26,165 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.14% of JBT Marel worth $10,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Salomon & Ludwin LLC acquired a new stake in JBT Marel in the third quarter valued at approximately $25,000. First Horizon Corp acquired a new stake in shares of JBT Marel in the third quarter worth $27,000. Steward Partners Investment Advisory LLC bought a new position in JBT Marel in the 2nd quarter worth $28,000. EverSource Wealth Advisors LLC bought a new stake in JBT Marel during the second quarter valued at about $28,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new position in shares of JBT Marel during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on JBTM shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $180.00 in a research report on Wednesday, December 10th. Finally, Robert W. Baird set a $169.00 price target on shares of JBT Marel in a report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, JBT Marel has a consensus rating of “Moderate Buy” and an average target price of $174.50.

JBT Marel Price Performance

Shares of JBT Marel stock opened at $155.56 on Tuesday. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $160.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.53 and a current ratio of 0.93. The firm has a market cap of $8.08 billion, a P/E ratio of -69.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. The firm’s 50-day simple moving average is $149.95 and its 200-day simple moving average is $141.72.

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

JBT Marel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s dividend payout ratio is presently -17.86%.

Insider Transactions 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 transaction of $2,835,800.00. Following the completion of the sale, 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 filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

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.