JBT Marel (NYSE:JBTM) Upgraded to “Strong-Buy” at Zacks Research

JBT Marel (NYSE:JBTM) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of JBT Marel in a research report on Thursday, January 22nd. Jefferies Financial Group raised shares of JBT Marel from a “hold” rating to a “buy” rating and upped their price target for the stock from $150.00 to $180.00 in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $174.50.

JBT Marel Trading Down 0.9%

NYSE:JBTM opened at $153.01 on Monday. The stock has a market cap of $7.95 billion, a PE ratio of -151.50, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97. JBT Marel has a fifty-two week low of $90.08 and a fifty-two week high of $170.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.58. The stock’s 50-day moving average is $158.55 and its two-hundred day moving average is $146.47.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.06. The business had revenue of $1.01 billion during the quarter. JBT Marel had a negative net margin of 1.33% and a positive return on equity of 7.68%. JBT Marel’s revenue for the quarter was up 115.6% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. As a group, equities research analysts forecast that JBT Marel will post 5.21 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Olafur S. Gudmundsson sold 10,000 shares of JBT Marel stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $150.09, for a total value of $1,500,900.00. Following the completion of the sale, the director owned 9,980 shares of the company’s stock, valued at approximately $1,497,898.20. The trade was a 50.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On JBT Marel

Institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted its stake in shares of JBT Marel by 34.4% during the 4th quarter. UMB Bank n.a. now owns 254 shares of the company’s stock worth $38,000 after acquiring an additional 65 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in JBT Marel by 1.0% in the 4th quarter. Park Avenue Securities LLC now owns 6,576 shares of the company’s stock worth $991,000 after purchasing an additional 66 shares during the last quarter. Main Management ETF Advisors LLC lifted its holdings in JBT Marel by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 7,047 shares of the company’s stock worth $1,062,000 after purchasing an additional 72 shares during the last quarter. Group One Trading LLC boosted its position in JBT Marel by 49.3% during the third quarter. Group One Trading LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 72 shares during the period. Finally, CI Investments Inc. grew its holdings in JBT Marel by 69.2% during the third quarter. CI Investments Inc. now owns 203 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors.

About JBT Marel

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.