Key Points
- Director sale: JBT Marel director Olafur Gudmundsson sold 20,000 shares on Nov. 26 at an average price of $141.79 for roughly $2.8358M, cutting his stake by 50.03% and disclosed in an SEC Form 4.
- Recent results & guidance: The company reported $1.94 EPS (vs. $1.51 est.) and ~$1.0B revenue (vs. $936.8M est.), with revenue up 120.6% YoY, and set FY2025 guidance of $6.10–$6.40 EPS; analysts hold a consensus "Moderate Buy" with an average target of $156.
- Market position: Shares trade near $140 with a 52-week range of $90.08–$148.76, market capitalization about $7.27B, and institutional investors own approximately 98.92% of the stock.
JBT Marel Corporation (NYSE:JBTM - Get Free Report) Director Olafur Gudmundsson sold 20,000 shares of the business's stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $141.79, for a total value of $2,835,800.00. Following the transaction, the director owned 19,980 shares of the company's stock, valued at $2,832,964.20. The trade was a 50.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
JBT Marel Stock Performance
Shares of NYSE:JBTM opened at $139.97 on Tuesday. The firm's 50 day simple moving average is $136.76 and its 200 day simple moving average is $132.54. JBT Marel Corporation has a fifty-two week low of $90.08 and a fifty-two week high of $148.76. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of -61.12, a P/E/G ratio of 1.72 and a beta of 1.18. 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 - Get Free Report) last issued its earnings results on Monday, November 3rd. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.51 by $0.43. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $936.75 million. JBT Marel had a negative net margin of 5.08% and a positive return on equity of 7.96%. The business'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, sell-side analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Robert W. Baird set a $169.00 price objective on JBT Marel in a research note on Friday, October 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of JBT Marel in a report on Wednesday, October 8th. Finally, William Blair raised JBT Marel from a "market perform" rating to an "outperform" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $156.00.
Get Our Latest Report on JBTM
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in JBT Marel in the 2nd quarter valued at approximately $50,000. Public Employees Retirement System of Ohio acquired a new position in JBT Marel during the 2nd quarter worth approximately $63,000. PineStone Asset Management Inc. bought a new position in shares of JBT Marel during the 2nd quarter worth approximately $10,490,000. Congress Asset Management Co. acquired a new stake in shares of JBT Marel in the second quarter valued at approximately $53,515,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of JBT Marel in the second quarter valued at approximately $3,308,000. 98.92% of the stock is currently owned by institutional investors.
JBT Marel Company Profile
(
Get Free Report)
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.
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