ProShare Advisors LLC Buys New Shares in JBT Marel Corporation $JBTM

ProShare Advisors LLC acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,559 shares of the company’s stock, valued at approximately $1,390,000.

A number of other hedge funds have also recently made changes to their positions in JBTM. Vontobel Holding Ltd. bought a new stake in shares of JBT Marel during the second quarter valued at approximately $389,000. Yousif Capital Management LLC acquired a new stake in JBT Marel in the 2nd quarter worth approximately $2,104,000. Envestnet Asset Management Inc. acquired a new position in shares of JBT Marel in the 2nd quarter valued at $29,873,000. Zions Bancorporation National Association UT acquired a new stake in shares of JBT Marel during the second quarter worth about $2,410,000. Finally, Smith Chas P & Associates PA Cpas purchased a new position in shares of JBT Marel during the second quarter worth $1,853,000. 98.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JBTM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a research report on Wednesday, October 8th. William Blair raised 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 price objective on JBT Marel in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

JBT Marel Price Performance

JBTM stock opened at $134.38 on Friday. The company has a market cap of $6.98 billion, a PE ratio of -58.68, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The company has a current ratio of 0.93, a quick ratio of 0.53 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $136.60 and a two-hundred day moving average price of $130.29. JBT Marel Corporation has a 12-month low of $90.08 and a 12-month high of $148.76.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Monday, November 3rd. The company reported $1.94 earnings per share (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 business had revenue of $1 billion for the quarter, compared to the consensus estimate of $936.75 million. The business’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. As a group, research analysts predict that JBT Marel Corporation will post 5.21 EPS for the current 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.