Motley Fool Asset Management LLC Grows Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Motley Fool Asset Management LLC boosted its position in John Bean Technologies Co. (NYSE:JBT) by 8.7% in the 4th quarter, Holdings Channel reports. The fund owned 19,574 shares of the industrial products company’s stock after purchasing an additional 1,566 shares during the period. Motley Fool Asset Management LLC’s holdings in John Bean Technologies were worth $1,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBT. Victory Capital Management Inc. boosted its holdings in shares of John Bean Technologies by 109.9% in the 3rd quarter. Victory Capital Management Inc. now owns 826,544 shares of the industrial products company’s stock valued at $86,903,000 after purchasing an additional 432,822 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of John Bean Technologies in the 4th quarter valued at $12,594,000. 2Xideas AG acquired a new position in shares of John Bean Technologies in the 3rd quarter valued at $10,714,000. Impax Asset Management Group plc acquired a new position in shares of John Bean Technologies in the 3rd quarter valued at $6,308,000. Finally, Nordea Investment Management AB boosted its holdings in shares of John Bean Technologies by 54.0% in the 3rd quarter. Nordea Investment Management AB now owns 98,365 shares of the industrial products company’s stock valued at $10,323,000 after purchasing an additional 34,498 shares during the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird reiterated an “outperform” rating and issued a $121.00 price target on shares of John Bean Technologies in a report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

John Bean Technologies Stock Up 2.5 %

Shares of NYSE:JBT traded up $2.19 during midday trading on Friday, hitting $90.80. 294,221 shares of the company’s stock traded hands, compared to its average volume of 217,741. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.78 and a current ratio of 2.27. The company has a market cap of $2.89 billion, a PE ratio of 4.82, a P/E/G ratio of 1.44 and a beta of 1.29. The firm’s fifty day moving average price is $98.78 and its two-hundred day moving average price is $100.61. John Bean Technologies Co. has a twelve month low of $88.03 and a twelve month high of $125.88.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.04. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The firm had revenue of $444.60 million for the quarter, compared to analyst estimates of $445.81 million. During the same quarter in the previous year, the business posted $1.49 EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, equities research analysts anticipate that John Bean Technologies Co. will post 5.1 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s payout ratio is currently 2.12%.

John Bean Technologies Company 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.