Teacher Retirement System of Texas Acquires New Position in JBT Marel Corporation $JBTM

Teacher Retirement System of Texas bought a new position in JBT Marel Corporation (NYSE:JBTM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,892 shares of the company’s stock, valued at approximately $949,000.

Several other institutional investors also recently bought and sold shares of the business. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of JBT Marel during the second quarter worth $29,000. Costello Asset Management INC acquired a new stake in JBT Marel in the 2nd quarter worth about $36,000. Fifth Third Bancorp acquired a new stake in JBT Marel in the 2nd quarter worth about $50,000. Public Employees Retirement System of Ohio purchased a new stake in JBT Marel in the 2nd quarter valued at about $63,000. Finally, Hilltop National Bank acquired a new position in shares of JBT Marel during the 2nd quarter valued at about $89,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

JBT Marel Price Performance

JBTM opened at $140.48 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 50 day moving average of $136.88 and a two-hundred day moving average of $128.42. The company has a market cap of $7.30 billion, a P/E ratio of -61.34, a P/E/G ratio of 1.72 and a beta of 1.18. 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 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. JBT Marel had a negative net margin of 5.08% and a positive return on equity of 7.96%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $936.75 million. The business’s quarterly 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. On average, analysts expect that JBT Marel Corporation will post 5.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JBTM. William Blair upgraded shares of JBT Marel from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated 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 objective on JBT Marel in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, JBT Marel has a consensus rating of “Moderate Buy” and a consensus price target 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.