Deutsche Bank AG decreased its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,024 shares of the industrial products company’s stock after selling 76 shares during the quarter. Deutsche Bank AG’s holdings in John Bean Technologies were worth $5,204,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FORA Capital LLC purchased a new stake in John Bean Technologies in the second quarter worth approximately $31,000. Van ECK Associates Corp boosted its stake in John Bean Technologies by 138.3% in the second quarter. Van ECK Associates Corp now owns 386 shares of the industrial products company’s stock worth $55,000 after buying an additional 224 shares in the last quarter. Archer Investment Corp boosted its stake in John Bean Technologies by 25.2% in the third quarter. Archer Investment Corp now owns 511 shares of the industrial products company’s stock worth $72,000 after buying an additional 103 shares in the last quarter. Advisory Services Network LLC purchased a new stake in John Bean Technologies in the second quarter worth approximately $77,000. Finally, Harbor Investment Advisory LLC purchased a new stake in John Bean Technologies in the third quarter worth approximately $86,000. 99.73% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on JBT. JPMorgan Chase & Co. raised John Bean Technologies from an “underweight” rating to a “neutral” rating and set a $130.00 target price for the company in a research note on Monday, October 4th. Wells Fargo & Company boosted their price objective on John Bean Technologies from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $157.75.
Shares of JBT stock opened at $149.36 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 1.32. John Bean Technologies Co. has a fifty-two week low of $115.61 and a fifty-two week high of $177.56. The stock has a 50 day moving average price of $159.41 and a two-hundred day moving average price of $150.31. The company has a market capitalization of $4.74 billion, a P/E ratio of 41.03, a PEG ratio of 1.91 and a beta of 1.52.
John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Wednesday, October 27th. The industrial products company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.16). The company had revenue of $477.40 million during the quarter, compared to the consensus estimate of $494.96 million. John Bean Technologies had a net margin of 6.46% and a return on equity of 19.63%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS. As a group, equities analysts predict that John Bean Technologies Co. will post 4.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 27th. Investors of record on Monday, December 13th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Friday, December 10th. This is an increase from John Bean Technologies’s previous quarterly dividend of $0.09. John Bean Technologies’s dividend payout ratio is currently 10.99%.
About John Bean Technologies
John Bean Technologies Corp. is a technology solutions provider, which engages in the food, beverage, and air transportation industries. It operates through the JBT FoodTech and JBT AeroTech business segments. The JBT FoodTech segment designs, manufactures, and services technologically food processing systems for the preparation of meat, seafood and poultry products, ready-to-eat meals, shelf stable packaged foods, bakery products, juice and dairy products, and fruit and vegetable products.
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