GPS Wealth Strategies Group LLC Acquires Shares of 1,602 JBT Marel Corporation $JBTM

GPS Wealth Strategies Group LLC acquired a new stake in JBT Marel Corporation (NYSE:JBTM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,602 shares of the company’s stock, valued at approximately $193,000.

A number of other hedge funds have also recently added to or reduced their stakes in JBTM. JTC Employer Solutions Trustee Ltd acquired a new stake in JBT Marel in the 2nd quarter valued at $29,000. Costello Asset Management INC acquired a new position in shares of JBT Marel during the second quarter valued at about $36,000. Fifth Third Bancorp acquired a new position in shares of JBT Marel during the second quarter valued at about $50,000. Public Employees Retirement System of Ohio acquired a new position in shares of JBT Marel during the second quarter valued at about $63,000. Finally, Hilltop National Bank acquired a new position in shares of JBT Marel during the second quarter valued at about $89,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

JBT Marel Stock Up 2.2%

JBT Marel stock opened at $141.44 on Thursday. JBT Marel Corporation has a fifty-two week low of $90.08 and a fifty-two week high of $148.76. The stock has a market cap of $7.35 billion, a PE ratio of -61.76, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The firm’s 50-day simple moving average is $136.95 and its 200 day simple moving average is $128.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.53 and a current ratio of 0.93.

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, topping the consensus estimate 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 analysts’ expectations of $936.75 million. The firm’s revenue for the quarter was up 120.6% on a year-over-year basis. JBT Marel has set its FY 2025 guidance at 6.100-6.400 EPS. Research analysts predict that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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