Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 8,570 JBT Marel Corporation $JBTM

Key Points

• Mitsubishi UFJ Asset Management acquired 8,570 JBT Marel shares worth approximately $1.24 million in the second quarter. Institutional and hedge-fund ownership now stands at 98.92% of the company’s outstanding stock.
• Analyst sentiment remains cautiously positive: JBT Marel has a “Moderate Buy” consensus rating and an average price target of $174.67, despite multiple recent downgrades to “Hold.”
• JBT Marel recently reported quarterly revenue of $981 million and adjusted earnings of $1.95 per share, below the $2.02 consensus estimate. The company also declared a quarterly dividend of $0.10 per share, implying a 0.3% annual yield.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of JBT Marel Corporation (NYSE:JBTM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,570 shares of the company's stock, valued at approximately $1,243,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of JBT Marel during the second quarter valued at approximately $29,000. EverSource Wealth Advisors LLC purchased a new stake in JBT Marel in the 2nd quarter valued at $28,000. First Trust Advisors LP purchased a new stake in JBT Marel in the 2nd quarter valued at $4,285,000. Amundi bought a new position in JBT Marel during the 2nd quarter valued at $974,000. Finally, Gamco Investors INC. ET AL bought a new position in JBT Marel during the 2nd quarter valued at $1,173,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on JBTM shares. Wall Street Zen downgraded shares of JBT Marel from a "buy" rating to a "hold" rating in a report on Sunday, June 21st. Zacks Research cut shares of JBT Marel from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Weiss Ratings downgraded shares of JBT Marel from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, June 5th. Oppenheimer began coverage on shares of JBT Marel in a research note on Thursday, May 21st. They issued an "outperform" rating and a $175.00 price objective for the company. Finally, Seaport Research Partners set a $165.00 target price on shares of JBT Marel in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $174.67.

JBT Marel Stock Performance

NYSE JBTM opened at $117.07 on Friday. The company has a market capitalization of $6.07 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 1.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24. JBT Marel Corporation has a 52-week low of $113.67 and a 52-week high of $170.19. The company has a 50-day simple moving average of $132.81 and a 200 day simple moving average of $136.24.

JBT Marel (NYSE:JBTM - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing analysts' consensus estimates of $2.02 by ($0.07). JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. The company had revenue of $981.00 million during the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, research analysts predict that JBT Marel Corporation will post 8.05 EPS for the current year.

JBT Marel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.10 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.40 annualized dividend and a yield of 0.3%. JBT Marel's dividend payout ratio is presently 10.90%.

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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