Vident Investment Advisory LLC lifted its stake in shares of John Bean Technologies Corp (NYSE:JBT) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,052 shares of the industrial products company’s stock after acquiring an additional 28,933 shares during the period. John Bean Technologies makes up about 0.9% of Vident Investment Advisory LLC’s investment portfolio, making the stock its 23rd largest holding. Vident Investment Advisory LLC owned about 0.54% of John Bean Technologies worth $19,019,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of JBT. BB&T Corp acquired a new stake in John Bean Technologies in the fourth quarter valued at $206,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of John Bean Technologies by 43.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,911 shares of the industrial products company’s stock worth $212,000 after buying an additional 581 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of John Bean Technologies during the 4th quarter worth about $245,000. Carnegie Capital Asset Management LLC acquired a new stake in shares of John Bean Technologies during the 4th quarter worth about $244,000. Finally, Virtu Financial LLC acquired a new stake in shares of John Bean Technologies during the 4th quarter worth about $264,000.
A number of analysts have recently issued reports on JBT shares. Zacks Investment Research upgraded shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Thursday, December 14th. Wells Fargo set a $125.00 price objective on shares of John Bean Technologies and gave the stock a “buy” rating in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. John Bean Technologies currently has a consensus rating of “Hold” and an average target price of $110.57.
JBT opened at $111.05 on Friday. The company has a market cap of $3,465.60, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 1.79 and a beta of 1.25. John Bean Technologies Corp has a fifty-two week low of $82.45 and a fifty-two week high of $122.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.90 and a current ratio of 1.33.
John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Monday, February 26th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.02. John Bean Technologies had a net margin of 4.92% and a return on equity of 23.93%. The firm had revenue of $483.70 million for the quarter, compared to the consensus estimate of $470.35 million. During the same quarter in the previous year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. equities research analysts forecast that John Bean Technologies Corp will post 3.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Monday, March 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Friday, March 2nd. This is an increase from John Bean Technologies’s previous quarterly dividend of $0.09. John Bean Technologies’s payout ratio is presently 12.90%.
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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.
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