Wealth Alliance LLC Invests $276,000 in JBT Marel Corporation $JBTM

Wealth Alliance LLC purchased a new stake in JBT Marel Corporation (NYSE:JBTM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,294 shares of the company’s stock, valued at approximately $276,000.

Several other institutional investors have also recently bought and sold shares of JBTM. JTC Employer Solutions Trustee Ltd acquired a new position in shares of JBT Marel during the second quarter valued at about $29,000. Allworth Financial LP acquired a new position in JBT Marel during the 2nd quarter valued at about $30,000. Costello Asset Management INC bought a new stake in JBT Marel during the 2nd quarter worth approximately $36,000. Fifth Third Bancorp bought a new stake in JBT Marel during the 2nd quarter worth approximately $50,000. Finally, Eukles Asset Management purchased a new stake in shares of JBT Marel in the second quarter worth approximately $54,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Stock Down 2.4%

JBTM opened at $137.46 on Friday. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $148.76. The company’s 50-day moving average price is $136.74 and its two-hundred day moving average price is $129.90. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of -60.03, a PEG ratio of 1.72 and a beta of 1.18. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.35.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.43. JBT Marel had a negative net margin of 5.08% and a positive return on equity of 7.96%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $936.75 million. The company’s revenue for the quarter was up 120.6% compared to the same quarter last year. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. As a group, equities analysts expect that JBT Marel Corporation will post 5.21 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Robert W. Baird set a $169.00 price objective on shares of JBT Marel in a research note on Friday, October 3rd. Finally, William Blair upgraded JBT Marel from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

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.