Congress Asset Management Co. Invests $53.52 Million in JBT Marel Corporation $JBTM

Key Points

• Congress Asset Management Co. has invested approximately $53.52 million in JBT Marel Corporation, acquiring 444,993 shares, representing 0.86% ownership as of the latest SEC filing.
• JBT Marel reported a quarterly revenue increase of 132.4% year-over-year, achieving $934.80 million, along with an EPS of $1.49 which surpassed estimates by $0.22.
• The company has declared a quarterly dividend of $0.10 per share, providing a 0.3% dividend yield with a negative payout ratio of -17.47%.

Congress Asset Management Co. acquired a new stake in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 444,993 shares of the company's stock, valued at approximately $53,515,000. Congress Asset Management Co. owned 0.86% of JBT Marel as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBTM. Fifth Third Bancorp bought a new stake in shares of JBT Marel during the second quarter worth $50,000. Public Employees Retirement System of Ohio bought a new stake in JBT Marel during the 2nd quarter valued at about $63,000. Finally, PineStone Asset Management Inc. bought a new stake in JBT Marel during the 2nd quarter valued at about $10,490,000. Hedge funds and other institutional investors own 98.92% of the company's stock.

JBT Marel Stock Down 0.2%

Shares of JBT Marel 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. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of -59.43, a PEG ratio of 1.90 and a beta of 1.24. The firm's 50-day moving average is $138.61 and its two-hundred day moving average is $123.65. JBT Marel Corporation has a 1 year low of $90.08 and a 1 year high of $148.76.

JBT Marel (NYSE:JBTM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.27 by $0.22. JBT Marel had a negative net margin of 5.08% and a positive return on equity of 7.96%. The business had revenue of $934.80 million during the quarter, compared to analyst estimates of $898.77 million. The company's quarterly revenue 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. As a group, research analysts expect that JBT Marel Corporation will post 5.21 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a $0.10 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. JBT Marel's dividend payout ratio (DPR) is currently -17.47%.

Wall Street Analyst Weigh In

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

JBT Marel Company 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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