Steward Partners Investment Advisory LLC raised its position in shares of John Bean Technologies Co. (NYSE:JBT – Get Rating) by 49.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 292 shares of the industrial products company’s stock after buying an additional 96 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in John Bean Technologies were worth $35,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Champlain Investment Partners LLC raised its stake in John Bean Technologies by 0.4% during the fourth quarter. Champlain Investment Partners LLC now owns 1,752,860 shares of the industrial products company’s stock valued at $269,169,000 after buying an additional 6,230 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in John Bean Technologies by 1.3% during the first quarter. Conestoga Capital Advisors LLC now owns 1,098,567 shares of the industrial products company’s stock valued at $130,147,000 after buying an additional 14,379 shares in the last quarter. State Street Corp raised its position in shares of John Bean Technologies by 0.7% during the 4th quarter. State Street Corp now owns 1,034,714 shares of the industrial products company’s stock worth $158,891,000 after purchasing an additional 7,570 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of John Bean Technologies by 0.9% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,030,998 shares of the industrial products company’s stock worth $158,320,000 after purchasing an additional 9,105 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of John Bean Technologies by 2.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,006,516 shares of the industrial products company’s stock worth $154,561,000 after purchasing an additional 23,896 shares during the period.
John Bean Technologies Stock Up 1.3 %
Shares of John Bean Technologies stock opened at $115.65 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.84 and a debt-to-equity ratio of 0.85. The business’s 50 day simple moving average is $113.42 and its 200-day simple moving average is $117.27. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 1.49 and a beta of 1.40. John Bean Technologies Co. has a twelve month low of $98.57 and a twelve month high of $177.56.
John Bean Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 9th. Investors of record on Thursday, May 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Wednesday, May 25th. John Bean Technologies’s dividend payout ratio (DPR) is 10.70%.
Wall Street Analyst Weigh In
Separately, Robert W. Baird dropped their price target on John Bean Technologies from $140.00 to $128.00 in a research report on Thursday, July 28th.
Insider Buying and Selling
In related news, Director Caroline Maury Devine sold 300 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $108.66, for a total value of $32,598.00. Following the completion of the transaction, the director now directly owns 47,949 shares of the company’s stock, valued at approximately $5,210,138.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 900 shares of company stock valued at $99,978 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
John Bean Technologies Profile
John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through two segments: JBT FoodTech and JBT AeroTech. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, X-ray food inspection, and food safety solutions.
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