Motley Fool Asset Management LLC Purchases 1,566 Shares of John Bean Technologies Co. (NYSE:JBT)

Motley Fool Asset Management LLC raised its stake in shares of John Bean Technologies Co. (NYSE:JBT) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,574 shares of the industrial products company’s stock after acquiring an additional 1,566 shares during the quarter. Motley Fool Asset Management LLC owned approximately 0.06% of John Bean Technologies worth $1,947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GPS Wealth Strategies Group LLC boosted its position in John Bean Technologies by 35.5% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 980 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 257 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of John Bean Technologies during the 4th quarter valued at $143,000. Pathstone Family Office LLC purchased a new stake in shares of John Bean Technologies during the 3rd quarter valued at $214,000. Dark Forest Capital Management LP purchased a new stake in shares of John Bean Technologies during the 3rd quarter valued at $220,000. Finally, OLD National Bancorp IN lifted its holdings in shares of John Bean Technologies by 7.6% during the 3rd quarter. OLD National Bancorp IN now owns 2,249 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 98.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reiterated an “outperform” rating and set a $121.00 price objective on shares of John Bean Technologies in a report on Monday, January 22nd. One analyst has rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, John Bean Technologies has a consensus rating of “Moderate Buy” and an average price target of $121.00.

John Bean Technologies Stock Up 2.5 %

Shares of JBT traded up $2.19 during midday trading on Friday, hitting $90.80. 294,221 shares of the company’s stock traded hands, compared to its average volume of 217,741. John Bean Technologies Co. has a 1 year low of $88.03 and a 1 year high of $125.88. The firm’s fifty day moving average is $98.78 and its 200-day moving average is $100.61. The company has a current ratio of 2.27, a quick ratio of 1.78 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 4.82, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.04. The company had revenue of $444.60 million during the quarter, compared to analyst estimates of $445.81 million. John Bean Technologies had a return on equity of 12.15% and a net margin of 33.53%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. As a group, sell-side analysts anticipate that John Bean Technologies Co. will post 5.1 earnings per share for the current year.

John Bean Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were paid a $0.10 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. John Bean Technologies’s dividend payout ratio (DPR) is 2.12%.

John Bean Technologies Profile

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.