First Trust Advisors LP grew its position in shares of John Bean Technologies Corp (NYSE:JBT) by 1,545.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,279 shares of the industrial products company’s stock after acquiring an additional 38,770 shares during the quarter. First Trust Advisors LP owned 0.13% of John Bean Technologies worth $2,964,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in JBT. WINTON GROUP Ltd acquired a new stake in John Bean Technologies in the 3rd quarter valued at approximately $710,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in John Bean Technologies in the 3rd quarter valued at approximately $2,017,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in John Bean Technologies in the 3rd quarter valued at approximately $1,612,000. JPMorgan Chase & Co. increased its holdings in John Bean Technologies by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 535,671 shares of the industrial products company’s stock valued at $63,906,000 after purchasing an additional 41,664 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in John Bean Technologies by 12.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,545 shares of the industrial products company’s stock valued at $900,000 after buying an additional 832 shares during the period.
JBT has been the subject of several recent research reports. Zacks Investment Research cut shares of John Bean Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Wells Fargo & Co decreased their price target on shares of John Bean Technologies from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, December 7th. ValuEngine cut shares of John Bean Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. TheStreet cut shares of John Bean Technologies from a “b-” rating to a “c+” rating in a research report on Monday, December 24th. Finally, BMO Capital Markets decreased their price target on shares of John Bean Technologies to $105.00 and set an “outperform” rating for the company in a research report on Thursday, November 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. John Bean Technologies has a consensus rating of “Hold” and a consensus price target of $95.57.
Shares of JBT stock opened at $91.65 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 0.85. John Bean Technologies Corp has a 52 week low of $66.28 and a 52 week high of $123.90. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.94 and a beta of 1.42.
John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Monday, February 25th. The industrial products company reported $1.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.27. The company had revenue of $537.30 million during the quarter, compared to analysts’ expectations of $536.33 million. John Bean Technologies had a net margin of 5.42% and a return on equity of 32.09%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. As a group, equities analysts forecast that John Bean Technologies Corp will post 4.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. John Bean Technologies’s dividend payout ratio (DPR) is currently 9.35%.
John Bean Technologies Profile
John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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