Handelsbanken Fonder AB Takes Position in JBT Marel Corporation $JBTM

Handelsbanken Fonder AB acquired a new position in shares of JBT Marel Corporation (NYSE:JBTM) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,651 shares of the company’s stock, valued at approximately $1,161,000.

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

Wall Street Analyst Weigh In

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

JBT Marel Stock Performance

Shares of JBT Marel stock opened at $141.21 on Friday. The business has a 50-day simple moving average of $136.58 and a 200-day simple moving average of $132.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.53 and a current ratio of 0.93. JBT Marel Corporation has a one year low of $90.08 and a one year high of $148.76. The company has a market cap of $7.34 billion, a PE ratio of -61.66, a P/E/G ratio of 1.72 and a beta of 1.18.

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