Key Points
- Director Olafur Gudmundsson sold 10,000 shares on December 10 at an average price of $150.09 for about $1.5M, cutting his ownership by 50.05% to 9,980 shares, per the SEC filing.
- JBT Marel reported a beat with Q results showing EPS of $1.94 (vs. $1.51 expected) and revenue of $1.0B (up 120.6% YoY), and issued FY2025 guidance of EPS 6.10–6.40.
- Institutional investors own 98.92% of the stock; the consensus rating is "Moderate Buy" (three Buys, one Hold) with an average price target of $164, and the company pays a small annualized dividend yield of ~0.3%.
JBT Marel Corporation (NYSE:JBTM - Get Free Report) Director Olafur Gudmundsson sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $150.09, for a total value of $1,500,900.00. Following the sale, the director directly owned 9,980 shares in the company, valued at approximately $1,497,898.20. This represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
JBT Marel Stock Performance
JBT Marel stock opened at $155.63 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.93 and a quick ratio of 0.53. JBT Marel Corporation has a 12 month low of $90.08 and a 12 month high of $156.46. The company has a fifty day moving average price of $137.58 and a two-hundred day moving average price of $133.85. The company has a market cap of $8.09 billion, a PE ratio of -69.48, a P/E/G ratio of 1.80 and a beta of 1.01.
JBT Marel (NYSE:JBTM - Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.43. JBT Marel had a negative net margin of 3.39% and a positive return on equity of 7.88%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $936.75 million. JBT Marel's revenue was up 120.6% on a year-over-year basis. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. Research analysts expect that JBT Marel Corporation will post 5.21 earnings per share for the current year.
JBT Marel Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 15th. JBT Marel's payout ratio is presently -17.86%.
Institutional Trading of JBT Marel
Several hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new position in JBT Marel during the 3rd quarter worth $25,000. First Horizon Corp acquired a new stake in JBT Marel in the third quarter worth about $27,000. UMB Bank n.a. bought a new position in JBT Marel in the 3rd quarter valued at about $27,000. Steward Partners Investment Advisory LLC acquired a new position in JBT Marel during the 2nd quarter valued at about $28,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of JBT Marel during the 2nd quarter worth about $28,000. Institutional investors own 98.92% of the company's stock.
Wall Street Analyst Weigh In
JBTM has been the topic of a number of research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of JBT Marel in a research report on Wednesday, October 8th. Robert W. Baird set a $169.00 price objective on JBT Marel in a research note on Friday, October 3rd. Finally, Jefferies Financial Group raised JBT Marel from a "hold" rating to a "buy" rating and increased their target price for the stock from $150.00 to $180.00 in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $164.00.
Read Our Latest Analysis on JBT Marel
JBT Marel Company Profile
(
Get Free Report)
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.
Further Reading
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