226,483 Shares in JBT Marel Corporation $JBTM Bought by Legal & General Group Plc

Legal & General Group Plc bought a new stake in JBT Marel Corporation (NYSE:JBTM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 226,483 shares of the company’s stock, valued at approximately $27,237,000. Legal & General Group Plc owned about 0.44% of JBT Marel as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new position in shares of JBT Marel during the 2nd quarter valued at about $141,026,000. Vaughan Nelson Investment Management L.P. bought a new stake in JBT Marel in the 2nd quarter worth approximately $83,397,000. Artisan Partners Limited Partnership purchased a new stake in JBT Marel in the second quarter worth approximately $73,593,000. Congress Asset Management Co. bought a new position in JBT Marel during the second quarter valued at approximately $53,515,000. Finally, TimesSquare Capital Management LLC bought a new position in JBT Marel during the second quarter valued at approximately $40,689,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Price Performance

JBTM stock opened at $141.21 on Friday. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of -61.66, a PEG ratio of 1.72 and a beta of 1.18. The firm’s 50-day moving average price is $136.58 and its two-hundred day moving average price is $132.03. 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 12-month low of $90.08 and a 12-month high of $148.76.

JBT Marel (NYSE:JBTM) last posted its earnings results on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $936.75 million. The firm’s 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. As a group, equities analysts predict that JBT Marel Corporation will post 5.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

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