Summit Global Investments Acquires New Position in JBT Marel Corporation $JBTM

Market Beat
2026.01.31 13:25
portai
I'm PortAI, I can summarize articles.

Summit Global Investments has acquired a new stake in JBT Marel Corporation (NYSE:JBTM), purchasing 7,491 shares valued at approximately $1,052,000 during the 3rd quarter. Other institutional investors also adjusted their positions in JBTM. The company reported a quarterly EPS of $1.94, exceeding estimates, and a revenue increase of 120.6% year-over-year. JBT Marel declared a quarterly dividend of $0.10 per share, with a dividend yield of 0.3%. Analysts have a consensus rating of "Moderate Buy" for the stock, with an average price target of $174.50.