Avior Wealth Management LLC Takes $1 Million Position in JBT Marel Corporation $JBTM

Key Points

• Avior Wealth Management LLC acquired a new position in JBT Marel Corporation for approximately $1 million, buying 8,329 shares during Q2 2023.
• Analysts have upgraded JBT Marel from a "market perform" to an "outperform" rating, with a consensus target price of $143.00.
• JBT Marel reported a significant earnings beat in its latest release, with an EPS of $1.49, surpassing estimates of $1.27 and marking a quarterly revenue growth of 132.4% year-over-year.

Avior Wealth Management LLC bought a new position in JBT Marel Corporation (NYSE:JBTM - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,329 shares of the company's stock, valued at approximately $1,002,000.

A number of other hedge funds also recently made changes to their positions in JBTM. Congress Asset Management Co. purchased a new stake in shares of JBT Marel in the second quarter worth about $53,515,000. PineStone Asset Management Inc. purchased a new stake in shares of JBT Marel in the second quarter worth about $10,490,000. State of Alaska Department of Revenue purchased a new stake in shares of JBT Marel in the second quarter worth about $3,308,000. Sage Rhino Capital LLC purchased a new stake in shares of JBT Marel in the second quarter worth about $208,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of JBT Marel in the second quarter worth about $63,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, William Blair upgraded JBT Marel from a "market perform" rating to an "outperform" rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, JBT Marel currently has a consensus rating of "Buy" and a consensus target price of $143.00.

JBT Marel Trading Down 0.2%

Shares of JBTM stock opened at $137.03 on Tuesday. JBT Marel Corporation has a 1 year low of $90.08 and a 1 year high of $148.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.93 and a quick ratio of 0.53. The stock's 50 day simple moving average is $138.88 and its two-hundred day simple moving average is $123.84. The company has a market cap of $7.12 billion, a PE ratio of -59.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24.

JBT Marel (NYSE:JBTM - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.22. The firm had revenue of $934.80 million for the quarter, compared to analysts' expectations of $898.77 million. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%.The business's quarterly revenue was up 132.4% on a year-over-year basis. JBT Marel has set its Q3 2025 guidance at EPS. FY 2025 guidance at 5.450-6.150 EPS. Research analysts predict that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel's dividend payout ratio is currently -17.47%.

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.

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