Redmond Asset Management LLC Sells 5,479 Shares of JBT Marel Corporation $JBTM

Redmond Asset Management LLC lowered its stake in shares of JBT Marel Corporation (NYSE:JBTM) by 69.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,357 shares of the company’s stock after selling 5,479 shares during the period. Redmond Asset Management LLC’s holdings in JBT Marel were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in JBTM. Walleye Capital LLC acquired a new stake in shares of JBT Marel in the second quarter valued at $3,953,000. Bank of America Corp DE raised its holdings in shares of JBT Marel by 2.3% in the 1st quarter. Bank of America Corp DE now owns 466,741 shares of the company’s stock valued at $59,682,000 after buying an additional 10,714 shares during the period. Legal & General Group Plc purchased a new stake in shares of JBT Marel in the 2nd quarter valued at $45,764,000. Susquehanna Fundamental Investments LLC lifted its stake in JBT Marel by 79.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 84,502 shares of the company’s stock worth $12,253,000 after acquiring an additional 37,499 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in JBT Marel during the 2nd quarter worth about $1,389,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Stock Performance

NYSE:JBTM opened at $110.74 on Friday. The company has a fifty day simple moving average of $111.10 and a two-hundred day simple moving average of $131.49. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 1.19 and a beta of 0.94. The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.37. JBT Marel Corporation has a 52 week low of $102.97 and a 52 week high of $170.19.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) 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 analysts anticipate that JBT Marel Corporation will post 8.04 earnings per share for the current fiscal year.

JBT Marel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders 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 annualized dividend and a yield of 0.4%. JBT Marel’s dividend payout ratio is 10.90%.

Analysts Set New Price Targets

A number of equities analysts recently commented on JBTM shares. Robert W. Baird lowered their target price on JBT Marel from $188.00 to $171.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of JBT Marel in a research note on Wednesday, September 2nd. Barclays began coverage on shares of JBT Marel in a research report on Tuesday, September 8th. They set an “overweight” rating and a $150.00 price target on the stock. Finally, KeyCorp began coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.20.

JBT Marel Company Profile

JBT Marel Corporation (NYSE: JBTM) is a global food processing technology company formed through the combination of JBT Corporation and Marel. The company develops, manufactures and services equipment, integrated production lines and software used throughout the food industry, from primary processing to packaging and related automation.

Its products and solutions support the processing of poultry, meat, fish, prepared foods, pet food, plant-based products, fruits and vegetables, and other food categories.