Intech Investment Management LLC Takes $3.37 Million Position in JBT Marel Corporation $JBTM

Intech Investment Management LLC acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,982 shares of the company’s stock, valued at approximately $3,365,000. Intech Investment Management LLC owned about 0.05% of JBT Marel at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC bought a new position in JBT Marel during the 2nd quarter valued at approximately $141,026,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of JBT Marel during the second quarter valued at approximately $83,397,000. Congress Asset Management Co. purchased a new stake in JBT Marel in the second quarter worth $53,515,000. TimesSquare Capital Management LLC purchased a new stake in JBT Marel in the second quarter worth $40,689,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in JBT Marel in the second quarter valued at $39,765,000. 98.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

JBT Marel Trading Up 0.0%

NYSE:JBTM opened at $135.79 on Wednesday. The company has a 50 day simple moving average of $136.41 and a two-hundred day simple moving average of $130.88. JBT Marel Corporation has a 12 month low of $90.08 and a 12 month high of $148.76. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.35. The company has a market cap of $7.06 billion, a PE ratio of -59.30, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18.

JBT Marel (NYSE:JBTM) last announced its earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.43. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $936.75 million. JBT Marel had a negative net margin of 5.08% and a positive return on equity of 7.96%. The firm’s quarterly 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 forecast that JBT Marel Corporation will post 5.21 earnings per share for the current year.

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.