SG Americas Securities LLC raised its stake in John Bean Technologies Corp (NYSE:JBT) by 30.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,096 shares of the industrial products company’s stock after purchasing an additional 2,371 shares during the period. SG Americas Securities LLC’s holdings in John Bean Technologies were worth $928,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in John Bean Technologies by 62.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 357 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 137 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in John Bean Technologies in the 4th quarter valued at $36,000. Advisor Group Inc. raised its stake in shares of John Bean Technologies by 18.2% in the 4th quarter. Advisor Group Inc. now owns 1,421 shares of the industrial products company’s stock valued at $102,000 after buying an additional 219 shares in the last quarter. Eukles Asset Management acquired a new position in shares of John Bean Technologies in the 1st quarter valued at $192,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of John Bean Technologies by 26.0% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,198 shares of the industrial products company’s stock valued at $153,000 after buying an additional 453 shares in the last quarter.
JBT has been the subject of a number of recent research reports. TheStreet upgraded shares of John Bean Technologies from a “c+” rating to a “b” rating in a research note on Tuesday, February 26th. Zacks Investment Research cut shares of John Bean Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. ValuEngine upgraded shares of John Bean Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. Wellington Shields upgraded shares of John Bean Technologies from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, February 12th. Finally, Robert W. Baird set a $83.00 price objective on shares of John Bean Technologies and gave the company a “hold” rating in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $103.60.
John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Monday, April 29th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.31. John Bean Technologies had a net margin of 6.36% and a return on equity of 34.12%. The company had revenue of $417.50 million during the quarter, compared to analysts’ expectations of $390.44 million. During the same quarter in the prior year, the company posted $0.34 EPS. The business’s revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts forecast that John Bean Technologies Corp will post 4.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Wednesday, May 22nd. John Bean Technologies’s dividend payout ratio (DPR) is currently 9.35%.
In related news, EVP James L. Marvin sold 1,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $92.53, for a total transaction of $138,795.00. Following the completion of the sale, the executive vice president now owns 24,679 shares in the company, valued at approximately $2,283,547.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.23% of the company’s stock.
John Bean Technologies Company 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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