Jefferies Financial Group Inc. Makes New Investment in JBT Marel Corporation $JBTM

Jefferies Financial Group Inc. purchased a new stake in shares of JBT Marel Corporation (NYSE:JBTM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 25,720 shares of the company’s stock, valued at approximately $3,093,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Truist Financial Corp acquired a new position in JBT Marel during the 2nd quarter worth $2,292,000. Vontobel Holding Ltd. bought a new position in shares of JBT Marel in the second quarter worth about $389,000. Yousif Capital Management LLC acquired a new position in shares of JBT Marel during the 2nd quarter worth about $2,104,000. Envestnet Asset Management Inc. acquired a new position in shares of JBT Marel during the 2nd quarter worth about $29,873,000. Finally, Zions Bancorporation National Association UT bought a new stake in JBT Marel during the 2nd quarter valued at approximately $2,410,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

JBT Marel Trading Up 2.6%

Shares of JBTM stock opened at $142.71 on Wednesday. The firm has a fifty day moving average of $136.36 and a 200-day moving average of $131.90. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of -62.32, a P/E/G ratio of 1.72 and a beta of 1.18. JBT Marel Corporation has a 52-week low of $90.08 and a 52-week high of $148.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.53 and a current ratio of 0.93.

JBT Marel (NYSE:JBTM) last issued its 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. 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 analyst estimates of $936.75 million. JBT Marel’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. On average, equities research analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal 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.