Man Group plc Buys New Shares in JBT Marel Corporation $JBTM

Man Group plc acquired a new position in shares of JBT Marel Corporation (NYSE:JBTM) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,754 shares of the company’s stock, valued at approximately $3,299,000.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of JBT Marel in the second quarter worth $1,150,221,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of JBT Marel by 3.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,863,321 shares of the company’s stock valued at $280,747,000 after acquiring an additional 66,940 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of JBT Marel by 19.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,458,953 shares of the company’s stock valued at $219,821,000 after acquiring an additional 233,914 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in JBT Marel by 53.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,317,389 shares of the company’s stock worth $198,492,000 after purchasing an additional 458,980 shares during the period. Finally, Geode Capital Management LLC increased its holdings in JBT Marel by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,246,584 shares of the company’s stock valued at $187,855,000 after purchasing an additional 8,291 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Stock Down 0.9%

JBTM stock opened at $117.17 on Tuesday. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 1.31 and a beta of 0.94. JBT Marel Corporation has a 1-year low of $113.23 and a 1-year high of $170.19. The firm has a fifty day moving average price of $131.25 and a two-hundred day moving average price of $134.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.24 and a quick ratio of 0.70.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results 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 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. Research analysts predict that JBT Marel Corporation will post 8.04 EPS for the current year.

JBT Marel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given 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 Monday, August 17th. JBT Marel’s dividend payout ratio is 10.90%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JBTM. Wall Street Zen lowered 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 target price on shares of JBT Marel in a research note on Thursday, May 21st. KeyCorp assumed coverage on shares of JBT Marel in a report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price target for the company. 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. Finally, Oppenheimer initiated coverage on shares of JBT Marel in a research note on Thursday, May 21st. They set an “outperform” rating and a $175.00 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 stock. Based on data from MarketBeat, JBT Marel has a consensus rating of “Moderate Buy” and an average price target of $168.50.

JBT Marel 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.