Profund Advisors LLC Makes New $266,000 Investment in JBT Marel Corporation $JBTM

Profund Advisors LLC purchased a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,211 shares of the company’s stock, valued at approximately $266,000.

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

JBT Marel Price Performance

JBTM stock opened at $134.38 on Friday. The firm has a 50 day simple moving average of $136.60 and a two-hundred day simple moving average of $130.29. The stock has a market cap of $6.98 billion, a PE ratio of -58.68, a P/E/G ratio of 1.72 and a beta of 1.18. JBT Marel Corporation has a one year low of $90.08 and a one year 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 announced its quarterly earnings data on Monday, November 3rd. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.43. The company 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%.JBT Marel’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

A number of brokerages have issued reports on JBTM. William Blair raised shares of JBT Marel from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 6th. Robert W. Baird set a $169.00 price objective on JBT Marel in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JBT Marel in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, JBT Marel presently 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.