JBT Marel Corporation $JBTM Shares Purchased by Royce & Associates LP

Royce & Associates LP raised its position in shares of JBT Marel Corporation (NYSE:JBTM) by 0.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 792,467 shares of the company’s stock after purchasing an additional 4,300 shares during the quarter. JBT Marel comprises about 0.8% of Royce & Associates LP’s investment portfolio, making the stock its 8th largest position. Royce & Associates LP’s holdings in JBT Marel were worth $83,677,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of JBT Marel in the 2nd quarter worth approximately $1,150,221,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of JBT Marel by 8.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,818,441 shares of the company’s stock valued at $263,674,000 after acquiring an additional 143,049 shares during the last quarter. Bamco Inc. NY bought a new position in JBT Marel during the second quarter worth $95,781,000. Bank of America Corp DE lifted its stake in JBT Marel by 2.3% during the first quarter. Bank of America Corp DE now owns 466,741 shares of the company’s stock worth $59,682,000 after purchasing an additional 10,714 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in JBT Marel in the second quarter worth $67,480,000. Institutional investors own 98.92% of the company’s stock.

JBT Marel Stock Performance

Shares of JBT Marel stock traded up $0.30 on Friday, reaching $125.47. 290,120 shares of the company were exchanged, compared to its average volume of 553,630. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.74 and a current ratio of 1.29. The company’s 50-day moving average is $112.51 and its two-hundred day moving average is $129.69. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 1.36 and a beta of 0.93. JBT Marel Corporation has a 1-year low of $102.97 and a 1-year high of $170.19.

JBT Marel (NYSE:JBTM) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.10. The business had revenue of $994.00 million for the quarter. JBT Marel had a return on equity of 9.00% and a net margin of 5.00%. As a group, research analysts expect that JBT Marel Corporation will post 8.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on JBTM shares. Jefferies Financial Group initiated coverage on shares of JBT Marel in a report on Wednesday. They issued a “hold” rating and a $142.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of JBT Marel in a research report on Wednesday, September 2nd. Robert W. Baird reduced their price target on shares of JBT Marel from $188.00 to $171.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Barclays initiated coverage on shares of JBT Marel in a report on Tuesday, September 8th. They issued an “overweight” rating and a $150.00 price target for the company. Finally, KeyCorp assumed coverage on shares of JBT Marel in a research report on Tuesday, August 25th. They set an “overweight” rating and a $150.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.60.

JBT Marel Profile

JBT Marel Corporation provides equipment, automation, software and services for food and beverage processing. Its solutions help producers handle, prepare, process, package and transport products across the production chain. The company serves customers in sectors including meat, poultry, seafood, fruit and vegetables, prepared foods, and beverages. Its offerings include processing and packaging systems, filling and sterilization technologies, automated production lines, and aftermarket support.