Pinestone Asset Management Reduces $9M in JBT Marel Corporation ($JBTM)
Key Points
- Pinestone Asset Management changed its JBT Marel Corporation ($JBTM) stake by 84.50% last quarter, cutting to 12,929 shares worth $1.62 million.
- Wall Street's consensus rating on $JBTM is Buy and an average price target of $172.64.
- $JBTM last traded around $125.15.
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Pinestone Asset Management reduced its position in JBT Marel Corporation ($JBTM) by 84.50% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,929 shares of JBT Marel Corporation after selling 70,500 shares during the quarter. Pinestone Asset Management's holdings in JBT Marel Corporation were worth $1.62 million as of its most recent filing.
JBT Marel Corporation Stock Up 5.8%
Shares of JBT Marel Corporation ($JBTM) traded around $125.15 on Saturday, up 5.8% for the day.
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About JBT Marel Corporation
JBT Marel Corporation provides technology solutions to food and beverage industry in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through Protein Solutions and Prepared Food and Beverage Solutions. It offers value-added processing that includes equipment, solutions, software and services, stunning, slaughtering, scalding/dehairing, chilling, mixing/grinding, separation, 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, labeling, and packaging solutions to the food, beverage, and health market. The company also provides automated guided vehicle systems for material handling requirements in the automotive manufacturing, warehouse, and medical facilities. It serves poultry, beef, pork, seafood, ready-to-eat meals, fruits, vegetables, plant-based meat alternatives, dairy, bakery, pet foods, soups, sauces, juices, and aqua feed industries. The company markets and sells its products and solutions through direct sales force, independent distributors, sales representatives, and technical service teams. The company was formerly known as John Bean Technologies Corporation and changed its name to JBT Marel Corporation in January 2025. JBT Marel Corporation was incorporated in 1994 and is headquartered in Chicago, Illinois.
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