Great West Life Assurance Co. Can Acquires 6,826 Shares of John Bean Technologies Co. (NYSE:JBT)

Great West Life Assurance Co. Can boosted its holdings in shares of John Bean Technologies Co. (NYSE:JBT – Get Rating) by 21.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,333 shares of the industrial products company’s stock after purchasing an additional 6,826 shares during the period. Great West Life Assurance Co. Can owned about 0.12% of John Bean Technologies worth $3,300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd lifted its stake in John Bean Technologies by 19.2% during the second quarter. Point72 Hong Kong Ltd now owns 597 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 96 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of John Bean Technologies by 2.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 5,598 shares of the industrial products company’s stock worth $618,000 after buying an additional 138 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of John Bean Technologies by 1.1% during the second quarter. Maryland State Retirement & Pension System now owns 12,880 shares of the industrial products company’s stock worth $1,422,000 after buying an additional 141 shares in the last quarter. Private Capital Group LLC increased its holdings in shares of John Bean Technologies by 154.1% during the second quarter. Private Capital Group LLC now owns 282 shares of the industrial products company’s stock worth $31,000 after buying an additional 171 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of John Bean Technologies by 6.7% during the first quarter. Private Advisor Group LLC now owns 2,992 shares of the industrial products company’s stock worth $354,000 after buying an additional 188 shares in the last quarter. 98.38% of the stock is currently owned by institutional investors.

John Bean Technologies Stock Performance

NYSE JBT opened at $102.17 on Wednesday. The stock has a fifty day simple moving average of $93.16 and a 200 day simple moving average of $98.28. John Bean Technologies Co. has a twelve month low of $81.59 and a twelve month high of $140.96. The company has a quick ratio of 0.85, a current ratio of 1.41 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.07 and a beta of 1.33.

John Bean Technologies (NYSE:JBT – Get Rating) last announced its earnings results on Wednesday, October 26th. The industrial products company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. John Bean Technologies had a return on equity of 17.16% and a net margin of 6.05%. The company had revenue of $555.40 million for the quarter, compared to analyst estimates of $557.57 million. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. Sell-side analysts expect that John Bean Technologies Co. will post 4.67 EPS for the current year.

John Bean Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 2nd. Investors of record on Monday, December 19th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, December 16th. This represents a $0.40 annualized dividend and a yield of 0.39%. John Bean Technologies’s dividend payout ratio is currently 10.26%.

Insider Buying and Selling

In related news, Director Caroline Maury Devine sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $101.57, for a total transaction of $30,471.00. Following the completion of the sale, the director now owns 45,849 shares of the company’s stock, valued at $4,656,882.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Caroline Maury Devine sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $101.57, for a total transaction of $30,471.00. Following the completion of the sale, the director now owns 45,849 shares of the company’s stock, valued at $4,656,882.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian A. Deck acquired 1,500 shares of John Bean Technologies stock in a transaction on Friday, October 28th. The stock was purchased at an average cost of $90.91 per share, with a total value of $136,365.00. Following the purchase, the chief executive officer now directly owns 73,154 shares of the company’s stock, valued at approximately $6,650,430.14. The disclosure for this purchase can be found here. Insiders sold 900 shares of company stock valued at $84,909 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. William Blair downgraded shares of John Bean Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, October 27th. Robert W. Baird lowered their price target on shares of John Bean Technologies from $117.00 to $110.00 in a report on Thursday, October 27th. JPMorgan Chase & Co. decreased their price objective on John Bean Technologies to $100.00 in a report on Monday, November 28th. StockNews.com began coverage on John Bean Technologies in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, BMO Capital Markets decreased their price objective on John Bean Technologies from $135.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $117.50.

John Bean Technologies Company Profile

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John Bean Technologies Corp. is a technology solutions provider, which engages in the food, beverage, and air transportation industries. It operates through the JBT FoodTech and JBT AeroTech business segments. The JBT FoodTech segment designs, manufactures, and services technologically food processing systems for the preparation of meat, seafood and poultry products, ready-to-eat meals, shelf stable packaged foods, bakery products, juice and dairy products, and fruit and vegetable products.