JBT Marel (JBTM): A Food Processing Equipment Stock With Consistent Growth

First Pacific Advisors' second-quarter 2026 investor letter revealed that the FPA Queens Road Small Cap Value Fund outperformed key benchmarks with a 27.02% return in the first half of 2026. Among the fund's holdings, JBT Marel (NYSE:JBTM) was singled out for its earnings consistency and growth in the non-cyclical industrial market.

The company manufactures specialized food-processing and airport equipment and technologies for global industrial customers. FPA Queens Road Small Cap Value Fund increased its stake in JBT Marel, noting the company's history of impressive earnings performance. Despite JBT Marel's stock price fluctuating between $113.23 and $170.19 in the last 52 weeks, it closed at $118.29 per share on August 28, 2026, with a market capitalization of approximately $6.06 billion.

The fund's letter mentioned that JBT Marel is not on their list of the 40 most popular stocks among hedge funds for 2026, and while acknowledging the potential risks, the fund's management remains confident in the company's prospects, particularly in comparison to AI stocks.