JBT Marel Corporation $JBTM Stake Cut by Cetera Investment Advisers
Cetera Investment Advisers cut its holdings in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) by 91. 9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,752 shares of the company's stock after selling 110,839 shares du
Cetera Investment Advisers cut its holdings in shares of JBT Marel Corporation (NYSE:JBTM-Free Report) by 91. 9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,752 shares of the company's stock after selling 110,839 shares during the quarter. Cetera Investment Advisers' holdings in JBT Marel were worth $1,247,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently bought and sold shares of the business. First Trust Advisors LP increased its holdings in shares of JBT Marel by 27. 3% in the 1st quarter. First Trust Advisors LP now owns 96,090 shares of the company's stock valued at $12,287,000 after purchasing an additional 20,610 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of JBT Marel by 11. 1% during the first quarter. PNC Financial Services Group Inc. now owns 3,928 shares of the company's stock worth $502,000 after purchasing an additional 391 shares during the period. Summit Global Investments acquired a new stake in shares of JBT Marel during the first quarter worth approximately $517,000. WCM Investment Management LLC acquired a new stake in shares of JBT Marel during the first quarter worth approximately $797,000. Finally, Dimensional Fund Advisors LP grew its position in JBT Marel by 6. 1% during the first quarter. Dimensional Fund Advisors LP now owns 76,991 shares of the company's stock valued at $9,845,000 after purchasing an additional 4,402 shares in the last quarter. Hedge funds and other institutional investors own 98. 92% of the company's stock. GetJBT Marelalerts:JBT Marel Stock PerformanceJBTM stockopened at $118. 43 on Thursday. The firm has a 50 day moving average of $133. 71 and a two-hundred day moving average of $138. 03. JBT Marel Corporation has a 12 month low of $113. 67 and a 12 month high of $170. 19. The company has a market capitalization of $6. 14 billion, a price-to-earnings ratio of 32. 27, a P/E/G ratio of 1. 34 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 (NYSE:JBTM-Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $1. 95 earnings per share for the quarter, missing analysts' consensus estimates of $2. 02 by ($0. 07). JBT Marel had a net margin of 4. 89% and a return on equity of 8. 75%. The business had revenue of $981. 00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7. 850-8. 350 EPS. As a group, equities analysts anticipate that JBT Marel Corporation will post 8. 05 EPS for the current fiscal year. JBT Marel Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0. 10 dividend. This represents a $0. 40 dividend on an annualized basis and a dividend yield of 0. 3%. The ex-dividend date is Monday, August 17th. JBT Marel's payout ratio is presently 10. 90%. Analysts Set New Price TargetsJBTM has been the topic of several research reports. Seaport Research Partners set a $165. 00 price objective on shares of JBT Marel in a research note on Thursday, May 21st. Oppenheimer began coverage on shares of JBT Marel in a report on Thursday, May 21st. They set an "outperform" rating and a $175. 00 price target on the stock. Zacks Research downgraded shares of JBT Marel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 28th. Wall Street Zendowngraded shares of JBT Marel from a "buy" rating to a "hold" rating in a research note on Sunday, June 21st. Finally,Weiss Ratingslowered JBT Marel from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, JBT Marel currently has an average rating of "Moderate Buy" and a consensus target price of $174. 67. Read Our Latest Analysis on JBT MarelJBT Marel Profile(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. See AlsoFive stocks we like better than JBT MarelGE Vernova’s AI Power Boom Faces a Profit TestCardinal Health Earnings: Can Perfection Get Priced In Twice?Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not DemandLegacy Jet Builders Stall While Embraer Accelerates to New HighsWant to see what other hedge funds are holding JBTM?Visit HoldingsChannel. comto get the latest 13F filings and insider trades for JBT Marel Corporation (NYSE:JBTM-Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in JBT Marel Right Now?Before you consider JBT Marel, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and JBT Marel wasn't on the list. While JBT Marel currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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