Mitsubishi UFJ Asset Management Co. Ltd. Invests $1.24 Million in JBT Marel Corporation $JBTM

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in JBT Marel Corporation (NYSE:JBTM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,570 shares of the company’s stock, valued at approximately $1,243,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. RW Investment Management LLC purchased a new stake in JBT Marel during the second quarter valued at about $684,000. Bank of New York Mellon Corp purchased a new position in shares of JBT Marel in the second quarter worth about $51,597,000. State of Wyoming purchased a new position in shares of JBT Marel in the second quarter worth about $75,000. Walleye Capital LLC purchased a new position in shares of JBT Marel in the second quarter worth about $3,953,000. Finally, Cooper Financial Group bought a new stake in shares of JBT Marel in the second quarter valued at approximately $238,000. 98.92% of the stock is currently owned by institutional investors.

JBT Marel Trading Up 0.8%

Shares of JBT Marel stock opened at $117.07 on Friday. The company’s 50-day moving average price is $132.81 and its 200-day moving average price is $136.24. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. JBT Marel Corporation has a 12-month low of $113.67 and a 12-month high of $170.19. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.28 and a beta of 0.94.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.95 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.07). The firm had revenue of $981.00 million for the quarter. JBT Marel had a net margin of 4.89% and a return on equity of 8.75%. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. On average, equities analysts expect that JBT Marel Corporation will post 8.05 earnings per share for the current fiscal year.

JBT Marel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, August 17th. JBT Marel’s payout ratio is 10.90%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wall Street Zen cut shares of JBT Marel from a “buy” rating to a “hold” rating in a research note 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. Oppenheimer started coverage on JBT Marel in a research report on Thursday, May 21st. They set an “outperform” rating and a $175.00 target price on the stock. Weiss Ratings lowered JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, Seaport Research Partners set a $165.00 price target on JBT Marel in a 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.67.

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.