Captrust Financial Advisors reduced its position in John Bean Technologies Co. (NYSE:JBT – Free Report) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,105 shares of the industrial products company’s stock after selling 241 shares during the quarter. Captrust Financial Advisors’ holdings in John Bean Technologies were worth $207,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. HBK Investments L P raised its holdings in shares of John Bean Technologies by 638.5% in the third quarter. HBK Investments L P now owns 31,343 shares of the industrial products company’s stock valued at $3,088,000 after acquiring an additional 27,099 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of John Bean Technologies in the third quarter valued at about $2,955,000. PEAK6 Investments LLC bought a new stake in shares of John Bean Technologies in the third quarter valued at about $356,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of John Bean Technologies by 170.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock valued at $82,964,000 after acquiring an additional 531,298 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of John Bean Technologies in the third quarter valued at about $550,000. 98.92% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
JBT has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued a “hold” rating and a $130.00 target price for the company. CJS Securities initiated coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued an “outperform” rating and a $150.00 target price for the company.
Check Out Our Latest Stock Analysis on JBT
John Bean Technologies Stock Performance
JBT opened at $122.22 on Tuesday. John Bean Technologies Co. has a 52-week low of $82.64 and a 52-week high of $128.23. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The company has a market cap of $3.89 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The firm’s 50-day moving average price is $114.99 and its 200-day moving average price is $101.15.
John Bean Technologies (NYSE:JBT – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The firm had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities analysts anticipate that John Bean Technologies Co. will post 5.23 EPS for the current fiscal year.
John Bean Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. John Bean Technologies’s dividend payout ratio is currently 7.42%.
John Bean Technologies Profile
(Free Report)
John Bean Technologies 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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