13,203 Shares in JBT Marel Corporation $JBTM Bought by Amalgamated Bank

Amalgamated Bank bought a new position in JBT Marel Corporation (NYSE:JBTM) during the second quarter, Holdings Channel reports. The fund bought 13,203 shares of the company’s stock, valued at approximately $1,588,000.

Other hedge funds have also modified their holdings of the company. JTC Employer Solutions Trustee Ltd acquired a new position in shares of JBT Marel in the 2nd quarter worth $29,000. Costello Asset Management INC acquired a new position in shares of JBT Marel in the 2nd quarter worth $36,000. Fifth Third Bancorp acquired a new position in shares of JBT Marel in the 2nd quarter worth $50,000. Public Employees Retirement System of Ohio acquired a new position in shares of JBT Marel in the 2nd quarter worth $63,000. Finally, Hilltop National Bank acquired a new position in shares of JBT Marel in the 2nd quarter worth $89,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

JBT Marel Stock Performance

Shares of JBTM stock opened at $141.44 on Thursday. JBT Marel Corporation has a 1-year low of $90.08 and a 1-year 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 capitalization of $7.35 billion, a price-to-earnings ratio of -61.76, a P/E/G ratio of 1.72 and a beta of 1.18. The stock’s fifty day simple moving average is $136.95 and its 200-day simple moving average is $128.34.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on JBTM shares. Weiss Ratings restated a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. William Blair upgraded JBT Marel from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 6th. Finally, Robert W. Baird set a $169.00 target price on JBT Marel in a report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock 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.