Swiss National Bank Invests $11.93 Million in JBT Marel Corporation $JBTM

Swiss National Bank bought a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 99,200 shares of the company’s stock, valued at approximately $11,930,000. Swiss National Bank owned approximately 0.19% of JBT Marel as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. JTC Employer Solutions Trustee Ltd acquired a new stake in JBT Marel during the second quarter valued at approximately $29,000. Allworth Financial LP bought a new position in shares of JBT Marel during the 2nd quarter worth approximately $30,000. Costello Asset Management INC acquired a new stake in JBT Marel in the 2nd quarter valued at $36,000. Fifth Third Bancorp bought a new stake in JBT Marel in the second quarter valued at $50,000. Finally, Eukles Asset Management bought a new stake in JBT Marel in the second quarter valued at $54,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Stock Performance

Shares of JBTM stock opened at $141.21 on Friday. JBT Marel Corporation has a 52 week low of $90.08 and a 52 week high of $148.76. The company 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 company 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 (NYSE:JBTM) last issued 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 firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $936.75 million. JBT Marel’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, sell-side analysts predict that JBT Marel Corporation will post 5.21 earnings per share for the current year.

Analysts Set New Price Targets

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