Bailard Inc. Buys Shares of 1,900 JBT Marel Corporation $JBTM

Bailard Inc. purchased a new stake in JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,900 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC bought a new stake in shares of JBT Marel during the 2nd quarter worth $141,026,000. PNC Financial Services Group Inc. acquired a new position in JBT Marel during the second quarter worth about $348,000. Wealth Alliance LLC bought a new position in shares of JBT Marel in the second quarter worth about $276,000. TimesSquare Capital Management LLC acquired a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $40,689,000. Finally, KBC Group NV bought a new stake in shares of JBT Marel during the 2nd quarter valued at approximately $141,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Stock Down 2.3%

Shares of NYSE:JBTM opened at $134.38 on Monday. The firm has a market cap of $6.98 billion, a P/E ratio of -58.68, a P/E/G ratio of 1.72 and a beta of 1.18. JBT Marel Corporation has a 12-month low of $90.08 and a 12-month high of $148.76. The business has a fifty day simple moving average of $136.60 and a 200 day simple moving average of $130.46. 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 issued 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. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $936.75 million. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%.The company’s 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. Analysts predict that JBT Marel Corporation will post 5.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. William Blair raised shares of JBT Marel from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 6th. Robert W. Baird set a $169.00 price target on shares of JBT Marel in a report on Friday, October 3rd. Finally, Weiss Ratings reissued 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, the stock has an average rating of “Moderate Buy” and an average target price 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.