Castleark Management LLC Buys 7,450 Shares of JBT Marel Corporation $JBTM

Castleark Management LLC raised its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 14.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 58,539 shares of the company’s stock after purchasing an additional 7,450 shares during the period. Castleark Management LLC’s holdings in JBT Marel were worth $8,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eurizon Capital SGR S.p.A. bought a new position in shares of JBT Marel during the fourth quarter valued at approximately $25,000. CI Investments Inc. increased its position in shares of JBT Marel by 69.2% during the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after acquiring an additional 83 shares in the last quarter. Group One Trading LLC increased its position in shares of JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after acquiring an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel during the second quarter valued at approximately $28,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of JBT Marel during the second quarter valued at approximately $29,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Trading Up 1.7%

Shares of JBT Marel stock opened at $125.22 on Friday. The company’s fifty day simple moving average is $128.97 and its 200-day simple moving average is $142.85. The stock has a market capitalization of $6.52 billion, a PE ratio of 39.13, a P/E/G ratio of 1.29 and a beta of 0.95. JBT Marel Corporation has a 1-year low of $113.67 and a 1-year high of $170.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 0.61.

JBT Marel (NYSE:JBTM) last issued 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 business 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 was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, equities analysts anticipate that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, May 26th. JBT Marel’s payout ratio is currently 12.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Seaport Research Partners set a $165.00 price target on shares of JBT Marel in a research report on Thursday, May 21st. Zacks Research downgraded shares of JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings cut shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Wall Street Zen upgraded shares of JBT Marel from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Oppenheimer began coverage on shares of JBT Marel in a report on Thursday, May 21st. They issued an “outperform” rating and a $175.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.67.

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.