First Eagle Investment Management LLC Invests $7.69 Million in JBT Marel Corporation $JBTM

First Eagle Investment Management LLC bought a new position in JBT Marel Corporation (NYSE:JBTM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 63,923 shares of the company’s stock, valued at approximately $7,687,000.

A number of other institutional investors have also added to or reduced their stakes in JBTM. JTC Employer Solutions Trustee Ltd purchased a new stake in JBT Marel during the second quarter valued at about $29,000. Costello Asset Management INC bought a new position in shares of JBT Marel during the 2nd quarter valued at about $36,000. Fifth Third Bancorp purchased a new position in shares of JBT Marel during the 2nd quarter valued at about $50,000. Eukles Asset Management purchased a new position in shares of JBT Marel during the 2nd quarter valued at about $54,000. Finally, Public Employees Retirement System of Ohio bought a new stake in JBT Marel in the 2nd quarter worth approximately $63,000. Institutional investors own 98.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Robert W. Baird set a $169.00 price target 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 raised shares of JBT Marel from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.00.

JBT Marel Price Performance

JBTM opened at $141.32 on Friday. 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 50 day simple moving average is $136.85 and its 200 day simple moving average is $128.76. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of -61.71, a PEG ratio of 1.72 and a beta of 1.18. JBT Marel Corporation has a 1 year low of $90.08 and a 1 year high of $148.76.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings data 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. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%.The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $936.75 million. The business’s revenue 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. As a group, analysts predict that JBT Marel Corporation will post 5.21 earnings per share for the current 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.