Bailard Inc. Takes $228,000 Position in JBT Marel Corporation $JBTM

Bailard Inc. purchased a new position in shares of 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 fund purchased 1,900 shares of the company’s stock, valued at approximately $228,000.

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

JBT Marel Price Performance

JBT Marel stock opened at $134.38 on Monday. The firm has a market cap of $6.98 billion, a PE ratio of -58.68, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.93 and a quick ratio of 0.53. The stock’s fifty day moving average price is $136.60 and its two-hundred day moving average price is $130.46. JBT Marel Corporation has a one year low of $90.08 and a one year high of $148.76.

JBT Marel (NYSE:JBTM) last released 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 analyst estimates of $936.75 million. JBT Marel’s revenue for the quarter was up 120.6% on a year-over-year basis. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. As a group, research analysts expect that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on JBTM. William Blair raised 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 objective on JBT Marel in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.