Atria Investments Inc Buys New Holdings in JBT Marel Corporation $JBTM

Atria Investments Inc purchased a new position in shares of JBT Marel Corporation (NYSE:JBTM) in the second quarter, Holdings Channel reports. The fund purchased 7,262 shares of the company’s stock, valued at approximately $873,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vontobel Holding Ltd. acquired a new stake in JBT Marel during the 2nd quarter worth about $389,000. Envestnet Asset Management Inc. purchased a new stake in shares of JBT Marel in the second quarter worth about $29,873,000. Yousif Capital Management LLC acquired a new stake in JBT Marel during the second quarter worth about $2,104,000. Smith Chas P & Associates PA Cpas acquired a new stake in JBT Marel during the second quarter worth about $1,853,000. Finally, Mutual of America Capital Management LLC purchased a new position in JBT Marel during the second quarter valued at approximately $715,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on JBTM. Robert W. Baird set a $169.00 price objective on JBT Marel in a research report on Friday, October 3rd. William Blair raised shares of JBT Marel from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

JBT Marel Price Performance

Shares of JBT Marel stock opened at $141.32 on Friday. The stock has a market capitalization of $7.34 billion, a P/E ratio of -61.71, a PEG ratio of 1.72 and a beta of 1.18. The business has a 50 day simple moving average of $136.85 and a two-hundred day simple moving average of $128.76. JBT Marel Corporation has a 12 month low of $90.08 and a 12 month high of $148.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.93 and a quick ratio of 0.53.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, topping 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 analysts’ expectations of $936.75 million. The firm’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 EPS for the current fiscal year.

About JBT Marel

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.