JBT Marel (NYSE:JBTM) Reaches New 52-Week Low – Here’s Why

JBT Marel Corporation (NYSE:JBTM) shares reached a new 52-week low on Wednesday . The stock traded as low as $113.23 and last traded at $113.8080, with a volume of 304393 shares. The stock had previously closed at $115.96.

Wall Street Analyst Weigh In

JBTM has been the subject of a number of recent analyst reports. Barclays assumed coverage on shares of JBT Marel in a report on Tuesday. They set an “overweight” rating and a $150.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of JBT Marel in a research note on Wednesday, September 2nd. Seaport Research Partners set a $165.00 price objective on shares of JBT Marel in a research report on Thursday, May 21st. KeyCorp initiated coverage on JBT Marel in a research note on Tuesday, August 25th. They set an “overweight” rating and a $150.00 target price for the company. Finally, Wall Street Zen downgraded JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, JBT Marel currently has a consensus rating of “Moderate Buy” and an average target price of $164.80.

JBT Marel Trading Up 0.6%

The company has a quick ratio of 0.70, a current ratio of 1.24 and a debt-to-equity ratio of 0.37. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.26 and a beta of 0.92. The firm has a 50 day moving average price of $127.43 and a two-hundred day moving average price of $131.36.

JBT Marel (NYSE:JBTM) last posted 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). The company had revenue of $981.00 million during the quarter. JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. As a group, equities analysts forecast that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Announces Dividend

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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 17th. JBT Marel’s dividend payout ratio is currently 10.90%.

Hedge Funds Weigh In On JBT Marel

A number of hedge funds have recently bought and sold shares of JBTM. Walleye Capital LLC bought a new stake in shares of JBT Marel during the second quarter worth about $3,953,000. Bank of America Corp DE lifted its position in 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 acquiring an additional 10,714 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in JBT Marel by 9,103.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company’s stock valued at $3,522,000 after acquiring an additional 23,122 shares in the last quarter. Bessemer Group Inc. boosted its stake in JBT Marel by 127.3% during the 4th quarter. Bessemer Group Inc. now owns 386,767 shares of the company’s stock valued at $58,275,000 after purchasing an additional 216,602 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in JBT Marel by 4.4% during the 4th quarter. Royce & Associates LP now owns 668,588 shares of the company’s stock valued at $100,736,000 after purchasing an additional 28,335 shares during the last quarter. Institutional investors own 98.92% of the company’s stock.

About JBT Marel

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.