JBT Marel (NYSE:JBTM) Reaches New 1-Year High - Here's What Happened

Key Points

• JBT Marel Corporation's stock reached a new 52-week high at $171.30 during trading, significantly ascending from its previous close of $136.52.
• Wall Street analysts have upgraded the stock's rating to "outperform", forecasting a positive growth trend with an average price target set at $143.00.
• The company experienced a considerable revenue increase of 132.4% year-over-year, reporting $934.80 million in revenue for the recent quarter, along with surpassing earnings estimates.

JBT Marel Corporation (NYSE:JBTM - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $171.30 and last traded at $171.30, with a volume of 12101 shares changing hands. The stock had previously closed at $136.52.

Analyst Upgrades and Downgrades

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

JBT Marel Stock Up 0.3%

The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.35. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of -59.60, a PEG ratio of 1.92 and a beta of 1.24. The business's fifty day moving average is $137.90 and its two-hundred day moving average is $123.35.

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

JBT Marel Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new position in shares of JBT Marel in the 2nd quarter valued at $28,000. EverSource Wealth Advisors LLC acquired a new position in shares of JBT Marel in the 2nd quarter valued at $28,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of JBT Marel in the 2nd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in JBT Marel in the 2nd quarter valued at $29,000. Finally, Allworth Financial LP purchased a new position in JBT Marel during the 2nd quarter worth $30,000. Institutional investors and hedge funds own 98.92% of the company's stock.

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.