John Bean Technologies Co. (NYSE:JBT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 31.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,678 shares of the industrial products company’s stock after selling 20,286 shares during the quarter. Jane Street Group LLC owned about 0.14% of John Bean Technologies worth $4,303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of John Bean Technologies by 113.2% during 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 purchased a new position in John Bean Technologies during the third quarter worth about $39,000. Innealta Capital LLC acquired a new stake in shares of John Bean Technologies during the second quarter valued at about $73,000. Kimelman & Baird LLC purchased a new stake in shares of John Bean Technologies in the 2nd quarter valued at approximately $85,000. Finally, KBC Group NV lifted its holdings in shares of John Bean Technologies by 31.5% in 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 last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Price Performance

John Bean Technologies stock opened at $121.00 on Wednesday. The company’s 50 day moving average is $114.99 and its two-hundred day moving average is $101.15. The firm has a market cap of $3.85 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. John Bean Technologies Co. has a 52-week low of $82.64 and a 52-week high of $128.23.

John Bean Technologies (NYSE:JBT) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $453.80 million during the quarter, compared to analyst estimates of $442.20 million. During the same period last year, the business posted $1.11 earnings per share. John Bean Technologies’s revenue was up 12.4% compared to the same quarter last year. On average, research analysts expect that John Bean Technologies Co. will post 5.23 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The company 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 annualized dividend and a yield of 0.33%. John Bean Technologies’s dividend payout ratio (DPR) is 7.42%.

Wall Street Analysts Forecast Growth

JBT has been the subject of several research reports. CJS Securities started coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued an “outperform” rating and a $150.00 target price for the company. Jefferies Financial Group assumed coverage on John Bean Technologies in a report on Thursday, December 12th. They issued a “hold” rating and a $130.00 price objective on the stock.

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.