John Bean Technologies Co. (NYSE:JBT) Position Cut by XTX Topco Ltd

XTX Topco Ltd lowered its position in shares of John Bean Technologies Co. (NYSE:JBT) by 55.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,141 shares of the industrial products company’s stock after selling 2,674 shares during the period. XTX Topco Ltd’s holdings in John Bean Technologies were worth $211,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. CWM LLC grew its position in John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 172 shares during the last quarter. Wolverine Asset Management LLC bought a new position in John Bean Technologies in the 3rd quarter worth approximately $39,000. Innealta Capital LLC acquired a new stake in John Bean Technologies in the 2nd quarter valued at approximately $73,000. Kimelman & Baird LLC bought a new stake in John Bean Technologies during the 2nd quarter valued at $85,000. Finally, KBC Group NV boosted its position in John Bean Technologies by 31.5% during the 3rd quarter. KBC Group NV now owns 1,014 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

Analysts Set New Price Targets

JBT has been the topic of a number of research analyst reports. CJS Securities began coverage on John Bean Technologies in a report on Thursday, December 12th. They set an “outperform” rating and a $150.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of John Bean Technologies in a research note on Thursday, December 12th. They set a “hold” rating and a $130.00 target price on the stock.

John Bean Technologies Stock Performance

Shares of NYSE JBT opened at $123.60 on Friday. John Bean Technologies Co. has a 1 year low of $82.64 and a 1 year high of $128.23. The firm has a market cap of $3.94 billion, a P/E ratio of 22.93, a PEG ratio of 1.74 and a beta of 1.24. The stock has a fifty day moving average price of $115.96 and a two-hundred day moving average price of $101.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The business had revenue of $453.80 million during the quarter, compared to analysts’ expectations of $442.20 million. During the same quarter last year, the business posted $1.11 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. Research analysts forecast that John Bean Technologies Co. will post 5.23 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. John Bean Technologies’s payout ratio is currently 7.42%.

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.