JBT Marel (NYSE:JBTM) Reaches New 52-Week 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 stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $171.30 and last traded at $171.30, with a volume of 12101 shares. The stock had previously closed at $136.52.

Wall Street Analysts Forecast Growth

Separately, William Blair upgraded 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, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $143.00.

JBT Marel Stock Performance

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 firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of -60.79, a P/E/G ratio of 1.91 and a beta of 1.24. The business has a 50-day moving average price of $137.18 and a 200-day moving average price of $123.34.

JBT Marel (NYSE:JBTM - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.22. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%.The company had revenue of $934.80 million for the quarter, compared to analyst estimates of $898.77 million. The firm's quarterly revenue 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. As a group, sell-side analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JBTM. Steward Partners Investment Advisory LLC acquired a new stake in JBT Marel during the 2nd quarter worth $28,000. EverSource Wealth Advisors LLC purchased a new stake in shares of JBT Marel in the 2nd quarter valued at approximately $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. acquired a new position in JBT Marel in the second quarter valued at about $29,000. Finally, Allworth Financial LP purchased a new position in shares of JBT Marel during the 2nd quarter worth approximately $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.

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