John Bean Technologies Corp (JBT) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in shares of John Bean Technologies Corp (NYSE:JBT) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,389 shares of the industrial products company’s stock after selling 2,973 shares during the period. Stifel Financial Corp owned 0.05% of John Bean Technologies worth $1,662,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. D.A. Davidson & CO. increased its holdings in shares of John Bean Technologies by 1.2% in the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 19 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of John Bean Technologies by 1.9% in the second quarter. Teacher Retirement System of Texas now owns 2,496 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 47 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of John Bean Technologies by 9.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 114 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of John Bean Technologies by 4.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,758 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 122 shares during the period. Finally, US Bancorp DE increased its holdings in shares of John Bean Technologies by 7.6% in the second quarter. US Bancorp DE now owns 1,830 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 130 shares during the period. 99.26% of the stock is currently owned by institutional investors.

Shares of John Bean Technologies Corp (JBT) opened at $110.80 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $3,508.75, a price-to-earnings ratio of 41.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.35. John Bean Technologies Corp has a 12-month low of $80.70 and a 12-month high of $120.55.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Monday, October 23rd. The industrial products company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. The company had revenue of $420.80 million for the quarter, compared to the consensus estimate of $414.17 million. John Bean Technologies had a return on equity of 25.51% and a net margin of 5.41%. John Bean Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. equities analysts predict that John Bean Technologies Corp will post 3.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. John Bean Technologies’s payout ratio is 14.81%.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research note on Thursday, December 14th. Bank of America downgraded John Bean Technologies from a “neutral” rating to an “underperform” rating in a research note on Friday, December 8th. Finally, Robert W. Baird lifted their price target on John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. John Bean Technologies has a consensus rating of “Hold” and an average price target of $104.86.

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

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