Wrapmanager Inc. Purchases 180 Shares of John Bean Technologies Co. (NYSE:JBT)

Wrapmanager Inc. lifted its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,515 shares of the industrial products company’s stock after purchasing an additional 180 shares during the quarter. Wrapmanager Inc.’s holdings in John Bean Technologies were worth $350,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of John Bean Technologies by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 349,880 shares of the industrial products company’s stock valued at $34,796,000 after buying an additional 5,913 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in John Bean Technologies in the 4th quarter worth $269,000. Victory Capital Management Inc. lifted its stake in John Bean Technologies by 6.2% in the fourth quarter. Victory Capital Management Inc. now owns 878,152 shares of the industrial products company’s stock worth $87,332,000 after purchasing an additional 51,608 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in John Bean Technologies by 8.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 19,574 shares of the industrial products company’s stock valued at $1,947,000 after buying an additional 1,566 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of John Bean Technologies by 6.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 23,847 shares of the industrial products company’s stock valued at $2,372,000 after buying an additional 1,374 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Stock Up 2.0 %

Shares of JBT traded up $1.80 during mid-day trading on Thursday, reaching $93.58. The company had a trading volume of 149,148 shares, compared to its average volume of 219,709. John Bean Technologies Co. has a 52 week low of $88.03 and a 52 week high of $125.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.83 and a current ratio of 2.37. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 4.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.29. The firm has a 50-day moving average price of $96.73 and a 200 day moving average price of $99.87.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. The firm had revenue of $392.30 million during the quarter, compared to analyst estimates of $396.55 million. John Bean Technologies had a return on equity of 10.56% and a net margin of 36.12%. John Bean Technologies’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 EPS. On average, sell-side analysts forecast that John Bean Technologies Co. will post 5.12 EPS for the current year.

John Bean Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s dividend payout ratio is currently 2.13%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JBT. Robert W. Baird restated an “outperform” rating and set a $121.00 price target on shares of John Bean Technologies in a research report on Monday, January 22nd. William Blair reaffirmed a “market perform” rating on shares of John Bean Technologies in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $121.00.

John Bean Technologies 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.