87,229 Shares in JBT Marel Corporation $JBTM Acquired by PineStone Asset Management Inc.

Key Points

• PineStone Asset Management Inc. acquired 87,229 shares of JBT Marel Corporation, valued at approximately $10,490,000, increasing its stake to about 0.17% of the company.
• William Blair upgraded JBT Marel from "market perform" to "outperform," with the company currently holding an average rating of "Buy" and a consensus price target of $143.00.
• JBT Marel reported earnings of $1.49 per share for the quarter, surpassing estimates, with revenues increasing by 132.4% year-over-year to $934.80 million.

PineStone Asset Management Inc. bought a new stake in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 87,229 shares of the company's stock, valued at approximately $10,490,000. PineStone Asset Management Inc. owned about 0.17% of JBT Marel at the end of the most recent quarter.

Separately, Public Employees Retirement System of Ohio bought a new position in shares of JBT Marel during the second quarter valued at $63,000. Institutional investors own 98.92% of the company's stock.

Analysts Set New Price Targets

Separately, William Blair upgraded JBT Marel from a "market perform" rating to an "outperform" rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $143.00.

JBT Marel Stock Performance

JBTM stock opened at $136.10 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.93 and a quick ratio of 0.53. JBT Marel Corporation has a 1 year low of $90.08 and a 1 year high of $148.76. The company has a market cap of $7.07 billion, a P/E ratio of -59.43, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. The stock's fifty day moving average price is $138.61 and its 200-day moving average price is $123.65.

JBT Marel (NYSE:JBTM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $898.77 million. The business's revenue for the quarter was up 132.4% on a year-over-year basis. JBT Marel has set its Q3 2025 guidance at EPS. FY 2025 guidance at 5.450-6.150 EPS. On average, equities analysts forecast that JBT Marel Corporation will post 5.21 earnings per share for the current year.

JBT Marel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 dividend payout ratio is -17.47%.

JBT Marel Profile

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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