Legal & General Group Plc Makes New Investment in JBT Marel Corporation $JBTM

Legal & General Group Plc bought a new stake in JBT Marel Corporation (NYSE:JBTM) in the 2nd quarter, HoldingsChannel reports. The firm bought 315,611 shares of the company’s stock, valued at approximately $45,764,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its holdings in shares of JBT Marel by 34.4% during the 4th quarter. UMB Bank n.a. now owns 254 shares of the company’s stock worth $38,000 after acquiring an additional 65 shares during the period. Main Management ETF Advisors LLC boosted its position in shares of JBT Marel by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 7,047 shares of the company’s stock valued at $1,062,000 after acquiring an additional 72 shares during the last quarter. Group One Trading LLC grew its holdings in shares of JBT Marel by 49.3% in the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock valued at $31,000 after purchasing an additional 72 shares during the period. Redmond Asset Management LLC grew its holdings in shares of JBT Marel by 1.3% in the fourth quarter. Redmond Asset Management LLC now owns 7,788 shares of the company’s stock valued at $1,173,000 after purchasing an additional 101 shares during the period. Finally, Sanctuary Advisors LLC increased its position in JBT Marel by 7.5% during the fourth quarter. Sanctuary Advisors LLC now owns 1,613 shares of the company’s stock worth $243,000 after purchasing an additional 113 shares during the last quarter. 98.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Oppenheimer initiated coverage on shares of JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price target for the company. Wall Street Zen cut shares of JBT Marel from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Seaport Research Partners set a $165.00 price target on shares of JBT Marel in a report on Thursday, May 21st. Finally, KeyCorp began coverage on shares of JBT Marel in a research report on Tuesday. They set an “overweight” rating and a $150.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, JBT Marel has an average rating of “Moderate Buy” and a consensus price target of $168.50.

JBT Marel Stock Performance

Shares of JBT Marel stock opened at $118.18 on Friday. The firm has a market cap of $6.13 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.30 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 $113.23 and a 52 week high of $170.19. The business’s fifty day simple moving average is $131.53 and its 200-day simple moving average is $134.61.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.07). The business had revenue of $981.00 million for 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. Equities analysts forecast that JBT Marel Corporation will post 8.04 earnings per share for the current year.

JBT Marel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 17th. JBT Marel’s dividend payout ratio (DPR) is 10.90%.

About JBT Marel

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.