JBT Marel Corporation (NYSE:JBTM – Get Free Report)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $110.15 and last traded at $110.5450, with a volume of 46237 shares traded. The stock had previously closed at $111.41.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on JBTM shares. Barclays started coverage on shares of JBT Marel in a research note on Tuesday, September 8th. They issued an “overweight” rating and a $150.00 target price for the company. Wall Street Zen downgraded JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Oppenheimer began coverage on JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target on the stock. KeyCorp started coverage on JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of JBT Marel in a research report on Wednesday, September 2nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, JBT Marel currently has an average rating of “Moderate Buy” and an average price target of $164.80.
Get Our Latest Analysis on JBT Marel
JBT Marel Stock Up 0.1%
JBT Marel (NYSE:JBTM – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. The firm had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. As a group, sell-side analysts forecast that JBT Marel Corporation will post 8.04 earnings per share for the current fiscal year.
JBT Marel Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. JBT Marel’s dividend payout ratio (DPR) is presently 10.90%.
Institutional Trading of JBT Marel
Several institutional investors and hedge funds have recently bought and sold shares of JBTM. Sequoia Financial Advisors LLC bought a new stake in JBT Marel in the 2nd quarter valued at $270,000. Integrated Wealth Concepts LLC bought a new position in JBT Marel during the 2nd quarter worth $88,000. IFP Advisors Inc increased its position in JBT Marel by 21.3% during the 2nd quarter. IFP Advisors Inc now owns 9,874 shares of the company’s stock worth $1,432,000 after buying an additional 1,735 shares during the period. Nykredit A S acquired a new stake in shares of JBT Marel during the second quarter worth $289,000. Finally, Amundi lifted its holdings in shares of JBT Marel by 6.1% during the second quarter. Amundi now owns 126,098 shares of the company’s stock worth $18,292,000 after buying an additional 7,273 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.
JBT Marel Company Profile
JBT Marel Corporation is a global food technology company that develops equipment, systems and services for the processing, preparation, packaging and handling of food and beverages. Its solutions are used by food producers, processors and manufacturers across the poultry, meat, seafood, prepared foods, fruit and vegetables, pet food, dairy and beverage industries.
The company’s portfolio includes systems for portioning, weighing, sorting, grading, marinating, cooking, freezing, filling, packaging and automated material handling.
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