Fmr LLC Sells 1,854 Shares of John Bean Technologies Co. (NYSE:JBT)

Fmr LLC decreased its position in shares of John Bean Technologies Co. (NYSE:JBT) by 47.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,074 shares of the industrial products company’s stock after selling 1,854 shares during the quarter. Fmr LLC’s holdings in John Bean Technologies were worth $204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathstone Holdings LLC raised its stake in John Bean Technologies by 21.5% during the 3rd quarter. Pathstone Holdings LLC now owns 24,445 shares of the industrial products company’s stock worth $2,408,000 after buying an additional 4,325 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of John Bean Technologies by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 393,382 shares of the industrial products company’s stock valued at $38,752,000 after acquiring an additional 11,474 shares in the last quarter. Susquehanna International Group Ltd. acquired a new position in shares of John Bean Technologies during the second quarter worth approximately $945,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of John Bean Technologies by 37.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company’s stock worth $22,495,000 after purchasing an additional 64,280 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in John Bean Technologies by 139.3% in the 3rd quarter. Intech Investment Management LLC now owns 12,712 shares of the industrial products company’s stock valued at $1,252,000 after purchasing an additional 7,399 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Price Performance

JBT stock opened at $124.78 on Friday. John Bean Technologies Co. has a one year low of $82.64 and a one year high of $128.23. The firm has a 50 day simple moving average of $117.11 and a two-hundred day simple moving average of $101.90. The stock has a market cap of $3.97 billion, a PE ratio of 23.15, a P/E/G ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The firm had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. On average, analysts predict that John Bean Technologies Co. will post 5.23 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, December 13th. John Bean Technologies’s payout ratio is currently 7.42%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group started coverage on John Bean Technologies in a research note on Thursday, December 12th. They issued a “hold” rating and a $130.00 price objective for the company. CJS Securities assumed coverage on John Bean Technologies in a research report on Thursday, December 12th. They issued an “outperform” rating and a $150.00 price target for the company.

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.