Sterling Capital Management LLC Sells 5,412 Shares of JBT Marel Corporation $JBTM

Sterling Capital Management LLC trimmed its holdings in shares of JBT Marel Corporation (NYSE:JBTM) by 44.4% in the first quarter, HoldingsChannel reports. The firm owned 6,775 shares of the company’s stock after selling 5,412 shares during the period. Sterling Capital Management LLC’s holdings in JBT Marel were worth $866,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. bought a new stake in shares of JBT Marel during the fourth quarter worth $25,000. CI Investments Inc. raised its holdings in shares of JBT Marel by 69.2% in the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Group One Trading LLC raised 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 buying an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in JBT Marel during the 2nd quarter worth about $28,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in JBT Marel during the 2nd quarter worth about $29,000. Institutional investors own 98.92% of the company’s stock.

Analyst Upgrades and Downgrades

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

JBT Marel Stock Performance

Shares of NYSE:JBTM opened at $145.05 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.32. JBT Marel Corporation has a 1-year low of $113.67 and a 1-year high of $170.19. The stock has a market capitalization of $7.55 billion, a P/E ratio of 45.33, a P/E/G ratio of 1.48 and a beta of 0.95. The business has a 50-day moving average price of $130.40 and a two-hundred day moving average price of $142.26.

JBT Marel (NYSE:JBTM) last issued its earnings results on Monday, May 4th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.09. JBT Marel had a net margin of 4.32% and a return on equity of 8.25%. The company had revenue of $936.00 million for the quarter. During the same period last year, the business posted $0.97 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. Equities analysts predict that JBT Marel Corporation will post 8.26 earnings per share for the current year.

JBT Marel Dividend Announcement

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

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.