Mirae Asset Global Investments Co. Ltd. Takes $1.07 Million Position in JBT Marel Corporation $JBTM

Key Points

• Mirae Asset Global Investments acquired a new stake in JBT Marel Corporation worth approximately $1.07 million, purchasing 8,921 shares during the second quarter.
• Recent analyst reports have raised JBT Marel's stock rating to "outperform", with a consensus target price of $156.00.
• JBT Marel reported a significant 132.4% year-over-year revenue increase in their latest quarterly earnings, alongside a positive return on equity of 7.96%.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in JBT Marel Corporation (NYSE:JBTM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,921 shares of the company's stock, valued at approximately $1,073,000.

A number of other large investors also recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in JBT Marel during the second quarter valued at approximately $50,000. Public Employees Retirement System of Ohio acquired a new stake in JBT Marel during the 2nd quarter worth approximately $63,000. Sage Rhino Capital LLC acquired a new stake in shares of JBT Marel in the second quarter valued at approximately $208,000. Janney Montgomery Scott LLC bought a new position in JBT Marel during the second quarter worth $272,000. Finally, Avior Wealth Management LLC acquired a new position in JBT Marel in the second quarter valued at about $1,002,000. Hedge funds and other institutional investors own 98.92% of the company's stock.

Wall Street Analyst Weigh In

JBTM has been the subject of several recent analyst reports. William Blair raised shares of JBT Marel from a "market perform" rating to an "outperform" rating in a research report on Wednesday, August 6th. Robert W. Baird set a $169.00 price target on JBT Marel in a research note on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of JBT Marel in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $156.00.

JBT Marel Stock Down 2.6%

JBT Marel stock opened at $141.16 on Friday. The stock has a market cap of $7.34 billion, a PE ratio of -61.64, a P/E/G ratio of 2.02 and a beta of 1.21. JBT Marel Corporation has a 1-year low of $90.08 and a 1-year high of $148.76. The stock's fifty day moving average is $139.96 and its two-hundred day moving average is $124.82. 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 (NYSE:JBTM - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.22. The company had revenue of $934.80 million for the quarter, compared to analyst estimates of $898.77 million. JBT Marel had a positive return on equity of 7.96% and a negative net margin of 5.08%.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. On average, sell-side analysts expect that JBT Marel Corporation will post 5.21 EPS for the current fiscal year.

JBT Marel Announces Dividend

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