First Trust Advisors LP trimmed its stake in John Bean Technologies Corp (NYSE:JBT) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,217 shares of the industrial products company’s stock after selling 6,260 shares during the period. First Trust Advisors LP owned 0.09% of John Bean Technologies worth $3,237,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of JBT. BB&T Corp purchased a new stake in shares of John Bean Technologies in the 4th quarter worth $206,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of John Bean Technologies by 43.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 581 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of John Bean Technologies by 31.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,530 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 608 shares in the last quarter. US Bancorp DE increased its stake in shares of John Bean Technologies by 47.9% in the 4th quarter. US Bancorp DE now owns 3,212 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of John Bean Technologies in the 4th quarter worth $362,000.
Shares of John Bean Technologies Corp (JBT) opened at $120.10 on Wednesday. John Bean Technologies Corp has a 12 month low of $82.45 and a 12 month high of $122.65. The company has a quick ratio of 0.90, a current ratio of 1.33 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $3,765.58, a price-to-earnings ratio of 38.59, a price-to-earnings-growth ratio of 1.94 and a beta of 1.32.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Monday, March 5th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, March 2nd. This is a positive change from John Bean Technologies’s previous quarterly dividend of $0.09. John Bean Technologies’s dividend payout ratio is presently 15.81%.
Several research firms have recently commented on JBT. Zacks Investment Research lowered John Bean Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. BMO Capital Markets upped their price objective on John Bean Technologies to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 5th. Finally, Wells Fargo & Co set a $130.00 price objective on John Bean Technologies and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $110.57.
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John Bean Technologies Profile
John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.
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