Gamco Investors INC. ET AL Has $717,000 Stock Holdings in JBT Marel Corporation $JBTM

Gamco Investors INC. ET AL trimmed its position in JBT Marel Corporation (NYSE:JBTM) by 52.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,762 shares of the company’s stock after selling 5,350 shares during the quarter. Gamco Investors INC. ET AL’s holdings in JBT Marel were worth $717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of JBT Marel by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,539,674 shares of the company’s stock worth $778,047,000 after buying an additional 56,115 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of JBT Marel in the 2nd quarter worth approximately $135,854,000. Gildi lifeyrissjodur purchased a new position in JBT Marel in the fourth quarter valued at approximately $170,862,000. Artisan Partners Limited Partnership lifted its stake in JBT Marel by 8.4% in the third quarter. Artisan Partners Limited Partnership now owns 663,523 shares of the company’s stock valued at $93,192,000 after purchasing an additional 51,576 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in JBT Marel in the second quarter valued at approximately $77,963,000. 98.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JBTM has been the topic of several research analyst reports. Oppenheimer began coverage on JBT Marel in a research note on Thursday. They issued an “outperform” rating and a $175.00 price objective on the stock. Weiss Ratings upgraded JBT Marel from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Seaport Research Partners set a $165.00 target price on JBT Marel in a research report on Thursday. Finally, Zacks Research downgraded JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.67.

JBT Marel Trading Up 1.8%

JBT Marel stock opened at $132.11 on Friday. The stock has a market cap of $6.88 billion, a P/E ratio of 41.29, a PEG ratio of 1.36 and a beta of 0.92. JBT Marel Corporation has a fifty-two week low of $111.07 and a fifty-two week high of $170.19. The firm’s fifty day moving average price is $129.24 and its 200-day moving average price is $143.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.61 and a current ratio of 1.01.

JBT Marel (NYSE:JBTM) last released its quarterly earnings results on Monday, May 4th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.09. The firm had revenue of $936.00 million for the quarter. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities research analysts forecast that JBT Marel Corporation will post 8.29 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, May 26th. JBT Marel’s dividend payout ratio is currently 12.50%.

Insider Buying and Selling

In related news, CEO Brian A. Deck sold 10,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $151.39, for a total value of $1,513,900.00. Following the transaction, the chief executive officer owned 136,301 shares of the company’s stock, valued at $20,634,608.39. This represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

JBT Marel 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.