Added to YB: 2024-08-08
Pitch date: 2024-07-08
JBT [bullish]
JBT Marel Corporation
+69.96%
current return
Author Info
No bio for this author
Company Info
JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Central and South America.
Market Cap
$7.0B
Pitch Price
$90.96
Price Target
N/A
Dividend
0.30%
EV/EBITDA
24.06
P/E
-57.62
EV/Sales
2.70
Sector
Machinery
Category
growth
Royce Investment Four Long-term Small-Cap High-Confidence Portfolio Holding: John Bean Technologies Corporation
JBT: Leading food/beverage equipment maker, 50% recurring revenue. Innovative tech drives wins, not price. Facilitates automation, lowering customer labor costs & improving efficiency. Strong M&A track record. Announced Marel acquisition to double size; approval process weighing on stock. Long-term synergies & scale advantages expected post-merger.
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