JBT Marel (NYSE:JBTM) Upgraded to "Outperform" at William Blair

Key Points

• JBT Marel (NYSE:JBTM) has been upgraded from a "market perform" to an "outperform" rating by William Blair, indicating positive sentiment from analysts regarding the stock's potential.
• The company's recent earnings report showed a significant revenue increase of 132.4% year-over-year, with earnings per share of $1.49, surpassing analyst estimates.
• Insider EVP Luiz Augusto Rizzolo sold 1,271 shares at an average price of $118.55, representing a 16.70% decrease in his holdings, while institutional investors own 98.92% of the company's stock.

JBT Marel (NYSE:JBTM - Get Free Report) was upgraded by stock analysts at William Blair from a "market perform" rating to an "outperform" rating in a report issued on Wednesday, Marketbeat.com reports.

JBT Marel Trading Up 4.9%

JBT Marel stock opened at $140.21 on Wednesday. JBT Marel has a 12-month low of $82.64 and a 12-month high of $144.66. The stock has a market capitalization of $7.29 billion, a PE ratio of -61.23, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The firm has a 50 day simple moving average of $125.86 and a 200-day simple moving average of $120.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 0.74.

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. The company had revenue of $934.80 million for the quarter, compared to the consensus estimate of $898.77 million. JBT Marel had a negative net margin of 5.08% and a positive return on equity of 9.58%. JBT Marel's revenue for the quarter was up 132.4% on a year-over-year basis. As a group, equities research analysts expect that JBT Marel will post 5.21 EPS for the current fiscal year.

Insider Buying and Selling

In other JBT Marel news, EVP Luiz Augusto Rizzolo sold 1,271 shares of JBT Marel stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $118.55, for a total transaction of $150,677.05. Following the completion of the sale, the executive vice president owned 6,342 shares of the company's stock, valued at $751,844.10. This trade represents a 16.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Institutional Trading of JBT Marel

A number of institutional investors have recently bought and sold shares of JBTM. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of JBT Marel during the 2nd quarter valued at about $29,000. Costello Asset Management INC bought a new position in JBT Marel during the second quarter valued at approximately $36,000. Fifth Third Bancorp acquired a new stake in JBT Marel in the second quarter valued at approximately $50,000. Public Employees Retirement System of Ohio acquired a new stake in JBT Marel in the second quarter valued at approximately $63,000. Finally, Hilltop National Bank bought a new stake in JBT Marel in the second quarter worth approximately $89,000. 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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