5,217 Shares in JBT Marel Corporation $JBTM Bought by Candriam S.C.A.

Candriam S.C.A. purchased a new stake in JBT Marel Corporation (NYSE:JBTM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,217 shares of the company’s stock, valued at approximately $627,000.

A number of other large investors have also modified their holdings 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 stake in JBT Marel in the 2nd quarter worth approximately $30,000. Costello Asset Management INC purchased a new stake in JBT Marel during the 2nd quarter worth approximately $36,000. Fifth Third Bancorp acquired a new position in JBT Marel during the 2nd quarter valued at approximately $50,000. Finally, Eukles Asset Management purchased a new position in shares of JBT Marel in the second quarter worth $54,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Wall Street Analyst Weigh In

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

JBT Marel Stock Up 0.7%

Shares of JBTM opened at $135.70 on Tuesday. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of -59.26, a PEG ratio of 1.72 and a beta of 1.18. JBT Marel Corporation has a 52 week low of $90.08 and a 52 week high of $148.76. The stock’s 50-day moving average price is $136.48 and its 200-day moving average price is $130.68. 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 announced its quarterly earnings results on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $936.75 million. 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. On average, sell-side analysts predict that JBT Marel Corporation will post 5.21 EPS for the current year.

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.