Level Four Advisory Services LLC Buys Shares of 15,547 JBT Marel Corporation $JBTM

Level Four Advisory Services LLC purchased a new position in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,547 shares of the company’s stock, valued at approximately $1,870,000.

A number of other institutional investors have also modified their holdings of JBTM. Fifth Third Bancorp acquired a new stake in JBT Marel during the second quarter worth approximately $50,000. Public Employees Retirement System of Ohio acquired a new stake in shares of JBT Marel during the second quarter worth $63,000. PineStone Asset Management Inc. purchased a new stake in shares of JBT Marel in the second quarter valued at $10,490,000. Congress Asset Management Co. acquired a new position in JBT Marel in the second quarter valued at $53,515,000. Finally, State of Alaska Department of Revenue purchased a new position in JBT Marel during the second quarter worth about $3,308,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Trading Down 0.4%

NYSE JBTM opened at $140.53 on Friday. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of -61.37, a PEG ratio of 1.72 and a beta of 1.18. 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’s 50 day moving average price is $136.70 and its 200 day moving average price is $132.28.

JBT Marel (NYSE:JBTM) last released its quarterly earnings data 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 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 the consensus estimate 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.

Wall Street Analyst Weigh In

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

About JBT Marel

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.