1,172,544 Shares in JBT Marel Corporation $JBTM Purchased by Geode Capital Management LLC

Geode Capital Management LLC purchased a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,172,544 shares of the company’s stock, valued at approximately $141,026,000. Geode Capital Management LLC owned 2.26% of JBT Marel as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JBTM shares. William Blair upgraded shares of JBT Marel from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 6th. Weiss Ratings restated 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 price objective on JBT Marel in a report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, JBT Marel currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

JBT Marel Trading Up 0.0%

Shares of JBT Marel stock opened at $135.79 on Wednesday. JBT Marel Corporation has a 12-month low of $90.08 and a 12-month high of $148.76. The stock has a market capitalization of $7.06 billion, a P/E ratio of -59.30, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The company has a 50-day simple moving average of $136.41 and a 200 day simple moving average of $130.88. 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 released its quarterly earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.43. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $936.75 million. JBT Marel had a negative net margin of 5.08% and a positive return on equity of 7.96%. The firm’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. Research analysts expect that JBT Marel Corporation will post 5.21 earnings per share 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.