Sei Investments Co. Acquires 3,837 Shares of John Bean Technologies Corporation (JBT)

Sei Investments Co. boosted its holdings in John Bean Technologies Corporation (NYSE:JBT) by 72.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,137 shares of the industrial products company’s stock after acquiring an additional 3,837 shares during the period. Sei Investments Co.’s holdings in John Bean Technologies were worth $923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in John Bean Technologies by 50.0% in the third quarter. BNP Paribas Arbitrage SA now owns 16,942 shares of the industrial products company’s stock worth $1,713,000 after acquiring an additional 5,651 shares during the last quarter. Global X MANAGEMENT CO LLC raised its holdings in shares of John Bean Technologies by 181.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 154,148 shares of the industrial products company’s stock valued at $15,584,000 after buying an additional 99,407 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of John Bean Technologies by 13.6% during the third quarter. American Century Companies Inc. now owns 589,764 shares of the industrial products company’s stock valued at $59,625,000 after buying an additional 70,721 shares during the last quarter. Channing Capital Management LLC raised its holdings in shares of John Bean Technologies by 3.4% during the third quarter. Channing Capital Management LLC now owns 529,632 shares of the industrial products company’s stock valued at $53,546,000 after buying an additional 17,388 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of John Bean Technologies by 3.9% during the third quarter. Conestoga Capital Advisors LLC now owns 275,140 shares of the industrial products company’s stock valued at $27,817,000 after buying an additional 10,349 shares during the last quarter. 99.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on JBT shares. Robert W. Baird set a $101.00 price target on John Bean Technologies and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research raised John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a report on Thursday, October 26th. Finally, Bank of America cut John Bean Technologies from a “neutral” rating to an “underperform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $105.57.

Shares of John Bean Technologies Corporation (JBT) opened at $110.60 on Friday. The firm has a market capitalization of $3,635.03, a P/E ratio of 40.55, a PEG ratio of 2.31 and a beta of 1.35. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91. John Bean Technologies Corporation has a twelve month low of $80.70 and a twelve month high of $120.55.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. The company had revenue of $420.80 million for the quarter, compared to analysts’ expectations of $414.17 million. John Bean Technologies had a return on equity of 25.51% and a net margin of 5.41%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. sell-side analysts forecast that John Bean Technologies Corporation will post 3.06 EPS for the current year.

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

TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.dispatchtribunal.com/2017/12/09/sei-investments-co-acquires-3837-shares-of-john-bean-technologies-corporation-jbt.html.

About John Bean Technologies

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.

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

Receive News & Ratings for John Bean Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply