TD Asset Management Inc lowered its position in John Bean Technologies Co. (NYSE:JBT – Get Rating) by 26.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,284 shares of the industrial products company’s stock after selling 8,750 shares during the quarter. TD Asset Management Inc owned 0.08% of John Bean Technologies worth $2,218,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd grew its stake in John Bean Technologies by 19.2% during the 2nd quarter. Point72 Hong Kong Ltd now owns 597 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 96 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in John Bean Technologies by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 22,183 shares of the industrial products company’s stock valued at $2,025,000 after acquiring an additional 103 shares in the last quarter. Profund Advisors LLC boosted its stake in John Bean Technologies by 6.0% during the 4th quarter. Profund Advisors LLC now owns 2,509 shares of the industrial products company’s stock valued at $229,000 after acquiring an additional 143 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in John Bean Technologies by 0.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 27,620 shares of the industrial products company’s stock worth $3,359,000 after acquiring an additional 149 shares in the last quarter. Finally, Whittier Trust Co. increased its position in shares of John Bean Technologies by 15.0% in the 4th quarter. Whittier Trust Co. now owns 1,150 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 150 shares during the last quarter. 98.38% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
JBT has been the topic of several research analyst reports. StockNews.com assumed coverage on John Bean Technologies in a research note on Thursday, March 16th. They set a “hold” rating on the stock. TheStreet downgraded shares of John Bean Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, April 25th.
Insider Buying and Selling
John Bean Technologies Stock Down 0.5 %
John Bean Technologies stock opened at $105.18 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.83 and a current ratio of 1.40. John Bean Technologies Co. has a one year low of $81.59 and a one year high of $126.26. The company has a 50-day simple moving average of $106.12 and a 200-day simple moving average of $100.42. The firm has a market capitalization of $3.35 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.24 and a beta of 1.40.
John Bean Technologies (NYSE:JBT – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.22. John Bean Technologies had a return on equity of 18.50% and a net margin of 5.87%. The company had revenue of $529.50 million for the quarter, compared to analysts’ expectations of $513.54 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, equities analysts expect that John Bean Technologies Co. will post 5.3 earnings per share for the current year.
John Bean Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Monday, March 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, March 3rd. John Bean Technologies’s payout ratio is currently 9.80%.
John Bean Technologies Profile
John Bean Technologies Corp. is a technology solutions provider, which engages in the food, beverage, and air transportation industries. It operates through the JBT FoodTech and JBT AeroTech business segments. The JBT FoodTech segment designs, manufactures, and services technologically food processing systems for the preparation of meat, seafood and poultry products, ready-to-eat meals, shelf stable packaged foods, bakery products, juice and dairy products, and fruit and vegetable products.
Featured Stories
- Get a free copy of the StockNews.com research report on John Bean Technologies (JBT)
- Is the Electric Vehicle Movement Losing Steam?
- 3 High-Yield Banks Insiders Are BuyingÂ
- Will ChatGPT Be the Final Nail in the Coffin for Chegg?
- Is the Market Reacting Too Negatively to Pinterest Earnings?
- More Analysts Should See Energizer Holdings As A Buy: Here Is Why
Want to see what other hedge funds are holding JBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for John Bean Technologies Co. (NYSE:JBT – Get Rating).
Receive News & Ratings for John Bean Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
