John Bean Technologies Corporation (JBT) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department reduced its position in shares of John Bean Technologies Corporation (NYSE:JBT) by 22.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,175 shares of the industrial products company’s stock after selling 908 shares during the period. Trustmark National Bank Trust Department’s holdings in John Bean Technologies Corporation were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in John Bean Technologies Corporation during the fourth quarter worth $4,648,000. Comerica Bank raised its stake in John Bean Technologies Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 31,028 shares of the industrial products company’s stock worth $2,645,000 after buying an additional 1,672 shares in the last quarter. State Street Corp increased its position in shares of John Bean Technologies Corporation by 5.8% in the fourth quarter. State Street Corp now owns 637,310 shares of the industrial products company’s stock worth $54,774,000 after buying an additional 34,960 shares during the last quarter. Nicholas Investment Partners LP purchased a new position in shares of John Bean Technologies Corporation during the fourth quarter worth approximately $4,122,000. Finally, Federated Investors Inc. PA increased its position in John Bean Technologies Corporation by 43.5% in the fourth quarter. Federated Investors Inc. PA now owns 12,641 shares of the industrial products company’s stock valued at $1,086,000 after buying an additional 3,829 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for John Bean Technologies Corporation (NYSE:JBT)

Shares of John Bean Technologies Corporation (NYSE:JBT) traded down 1.48% during trading on Tuesday, hitting $93.00. 37,044 shares of the company’s stock were exchanged. John Bean Technologies Corporation has a 1-year low of $57.47 and a 1-year high of $94.70. The stock’s 50 day moving average is $88.13 and its 200 day moving average is $87.01. The firm has a market capitalization of $2.94 billion, a PE ratio of 34.82 and a beta of 1.29.

John Bean Technologies Corporation (NYSE:JBT) last announced its earnings results on Tuesday, April 25th. The industrial products company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. The firm had revenue of $344.50 million for the quarter, compared to the consensus estimate of $314.69 million. John Bean Technologies Corporation had a net margin of 5.60% and a return on equity of 38.32%. The business’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. On average, equities research analysts forecast that John Bean Technologies Corporation will post $3.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Stockholders of record on Thursday, May 25th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. John Bean Technologies Corporation’s dividend payout ratio (DPR) is presently 15.04%.

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Several research firms have issued reports on JBT. J P Morgan Chase & Co started coverage on shares of John Bean Technologies Corporation in a research note on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price objective for the company. Bank of America Corporation started coverage on shares of John Bean Technologies Corporation in a research note on Thursday, May 18th. They set a “neutral” rating and a $89.00 target price for the company. CL King raised shares of John Bean Technologies Corporation from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a report on Wednesday, April 12th. BMO Capital Markets reissued an “outperform” rating and set a $105.00 price target on shares of John Bean Technologies Corporation in a report on Monday, April 10th. Finally, Wells Fargo & Co assumed coverage on shares of John Bean Technologies Corporation in a report on Monday, March 13th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. John Bean Technologies Corporation has a consensus rating of “Buy” and an average target price of $99.86.

John Bean Technologies Corporation Company 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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