Willis Investment Counsel Invests $1.49 Million in JBT Marel Corporation $JBTM

Willis Investment Counsel bought a new position in shares of JBT Marel Corporation (NYSE:JBTM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,346 shares of the company’s stock, valued at approximately $1,485,000.

Several other hedge funds have also recently bought and sold shares of the company. Handelsbanken Fonder AB acquired a new position in shares of JBT Marel in the second quarter worth $1,161,000. Ensign Peak Advisors Inc purchased a new position in JBT Marel in the second quarter valued at about $1,429,000. Artisan Partners Limited Partnership purchased a new position in shares of JBT Marel in the second quarter valued at $73,593,000. Portside Wealth Group LLC purchased a new position in shares of JBT Marel during the 2nd quarter valued at approximately $292,000. Finally, Intech Investment Management LLC bought a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $3,365,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

JBT Marel Stock Down 0.2%

JBTM stock opened at $132.25 on Friday. The firm has a market capitalization of $6.87 billion, a PE ratio of -57.75, a PEG ratio of 1.72 and a beta of 1.18. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.35. JBT Marel Corporation has a 1-year low of $90.08 and a 1-year high of $148.76. The business’s 50 day simple moving average is $136.18 and its 200 day simple moving average is $130.90.

JBT Marel (NYSE:JBTM) last released its earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.51 by $0.43. The firm had revenue of $1 billion for the quarter, compared to analyst estimates 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. As a group, research analysts anticipate that JBT Marel Corporation will post 5.21 EPS for the current year.

Analyst Ratings Changes

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

JBT Marel 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.