Los Angeles Capital Management LLC Acquires New Shares in JBT Marel Corporation $JBTM

Los Angeles Capital Management LLC bought a new position in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 9,535 shares of the company’s stock, valued at approximately $1,147,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBTM. Fifth Third Bancorp bought a new stake in shares of JBT Marel in the second quarter worth about $50,000. Public Employees Retirement System of Ohio acquired a new position in shares of JBT Marel in the 2nd quarter valued at approximately $63,000. PineStone Asset Management Inc. bought a new stake in JBT Marel during the 2nd quarter worth approximately $10,490,000. Congress Asset Management Co. acquired a new stake in JBT Marel during the 2nd quarter worth approximately $53,515,000. Finally, State of Alaska Department of Revenue bought a new position in JBT Marel in the second quarter valued at approximately $3,308,000. 98.92% of the stock is owned by institutional investors and hedge funds.

JBT Marel Stock Performance

Shares of JBTM opened at $140.85 on Thursday. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of -61.50, a PEG 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 firm has a fifty day simple moving average of $136.83 and a 200 day simple moving average of $129.85. The company has a current ratio of 0.93, a quick ratio of 0.53 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 EPS for the quarter, topping the consensus estimate of $1.51 by $0.43. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $936.75 million. JBT Marel had a negative net margin of 5.08% and a positive return on equity of 7.96%. 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. Research analysts forecast that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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