The Manufacturers Life Insurance Company Purchases New Holdings in JBT Marel Corporation $JBTM

The Manufacturers Life Insurance Company purchased a new position in JBT Marel Corporation (NYSE:JBTM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 27,288 shares of the company’s stock, valued at approximately $3,957,000. The Manufacturers Life Insurance Company owned about 0.05% of JBT Marel at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JBTM. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JBT Marel in the second quarter valued at about $29,000. EverSource Wealth Advisors LLC acquired a new position in JBT Marel during the second quarter worth about $28,000. First Trust Advisors LP purchased a new stake in JBT Marel during the 2nd quarter valued at about $4,285,000. Amundi purchased a new stake in JBT Marel during the 2nd quarter valued at about $974,000. Finally, Gamco Investors INC. ET AL acquired a new stake in JBT Marel in the 2nd quarter valued at about $1,173,000. 98.92% of the stock is owned by institutional investors and hedge funds.

JBT Marel Price Performance

JBT Marel stock opened at $116.48 on Wednesday. The company’s 50 day simple moving average is $130.98 and its 200-day simple moving average is $133.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24. JBT Marel Corporation has a 1 year low of $113.23 and a 1 year high of $170.19. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94.

JBT Marel (NYSE:JBTM) last posted its earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.07). The company had revenue of $981.00 million during the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. As a group, equities research analysts expect that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel’s payout ratio is presently 10.90%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. KeyCorp started coverage on JBT Marel in a report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 target price on the stock. Weiss Ratings downgraded JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Seaport Research Partners set a $165.00 price objective on JBT Marel in a research note on Thursday, May 21st. Oppenheimer assumed coverage on JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price for the company. Finally, Wall Street Zen downgraded JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $168.50.

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.