First Eagle Investment Management LLC Acquires New Position in JBT Marel Corporation $JBTM

First Eagle Investment Management LLC acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,923 shares of the company’s stock, valued at approximately $7,687,000. First Eagle Investment Management LLC owned about 0.12% of JBT Marel as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JBTM. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. William Blair upgraded JBT Marel from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 6th. Finally, Robert W. Baird set a $169.00 target price on JBT Marel in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, JBT Marel currently has an average rating of “Moderate Buy” and an average price target of $156.00.

JBT Marel Price Performance

NYSE:JBTM opened at $141.32 on Friday. JBT Marel Corporation has a 52-week low of $90.08 and a 52-week high of $148.76. The stock has a fifty day moving average of $136.85 and a 200 day moving average of $128.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.53 and a current ratio of 0.93. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of -61.71, a P/E/G ratio of 1.72 and a beta of 1.18.

JBT Marel (NYSE:JBTM) last released its quarterly earnings results 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. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations 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 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, research analysts expect that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

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.