446 Shares in JBT Marel Corporation $JBTM Bought by Eukles Asset Management

Eukles Asset Management purchased a new stake in shares of JBT Marel Corporation (NYSE:JBTM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 446 shares of the company’s stock, valued at approximately $54,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of JBTM. Vaughan Nelson Investment Management L.P. bought a new stake in shares of JBT Marel in the 2nd quarter valued at about $83,397,000. Congress Asset Management Co. bought a new stake in JBT Marel in the second quarter valued at approximately $53,515,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of JBT Marel during the second quarter valued at approximately $39,765,000. William Blair Investment Management LLC bought a new position in shares of JBT Marel in the second quarter worth approximately $34,646,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of JBT Marel in the second quarter worth approximately $29,873,000. 98.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JBTM has been the topic of a number of recent analyst reports. Robert W. Baird set a $169.00 price objective on JBT Marel in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of JBT Marel in a research report on Wednesday, October 8th. Finally, William Blair raised JBT Marel from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.00.

JBT Marel Trading Down 0.6%

NYSE:JBTM opened at $140.48 on Friday. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of -61.34, a PEG 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. The company’s 50 day moving average price is $136.88 and its 200-day moving average price is $128.42. JBT Marel Corporation has a 52 week low of $90.08 and a 52 week high of $148.76.

JBT Marel (NYSE:JBTM) last released its quarterly earnings data on Monday, November 3rd. The company reported $1.94 earnings per share (EPS) 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 business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $936.75 million. 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. On average, equities research analysts forecast 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.