900 Shares in JBT Marel Corporation $JBTM Purchased by Kimelman & Baird LLC

Kimelman & Baird LLC purchased a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 900 shares of the company’s stock, valued at approximately $108,000.

Several other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of JBT Marel during the second quarter valued at approximately $28,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of JBT Marel during the 2nd quarter worth approximately $29,000. Allworth Financial LP bought a new stake in shares of JBT Marel during the 2nd quarter worth approximately $30,000. Costello Asset Management INC purchased a new position in JBT Marel during the 2nd quarter valued at $36,000. Finally, Fifth Third Bancorp bought a new position in JBT Marel in the 2nd quarter valued at $50,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Price Performance

Shares of JBTM stock opened at $139.07 on Tuesday. JBT Marel Corporation has a twelve month low of $90.08 and a twelve month high of $148.76. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $136.22 and a two-hundred day simple moving average of $131.69. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of -60.73, a P/E/G ratio of 1.72 and a beta of 1.18.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, beating the consensus estimate 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 positive return on equity of 7.96% and a negative net margin of 5.08%.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 predict that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

Analysts Set New Price Targets

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