Captrust Financial Advisors Lowers Position in John Bean Technologies Co. (NYSE:JBT)

Captrust Financial Advisors lessened its stake in John Bean Technologies Co. (NYSE:JBT) by 10.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,105 shares of the industrial products company’s stock after selling 241 shares during the quarter. Captrust Financial Advisors’ holdings in John Bean Technologies were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in John Bean Technologies by 170.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock valued at $82,964,000 after purchasing an additional 531,298 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in John Bean Technologies by 57.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock valued at $121,507,000 after purchasing an additional 466,846 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in John Bean Technologies by 91.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock valued at $17,866,000 after purchasing an additional 89,604 shares during the last quarter. Natixis Advisors LLC raised its stake in John Bean Technologies by 69.4% in the 2nd quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company’s stock valued at $19,912,000 after purchasing an additional 85,910 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in John Bean Technologies by 37.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company’s stock valued at $22,495,000 after purchasing an additional 64,280 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Performance

Shares of John Bean Technologies stock opened at $122.22 on Tuesday. The business has a 50-day moving average of $114.99 and a 200 day moving average of $101.15. John Bean Technologies Co. has a 12 month low of $82.64 and a 12 month high of $128.23. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.00.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $453.80 million during the quarter, compared to analysts’ expectations of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 EPS. As a group, sell-side analysts forecast that John Bean Technologies Co. will post 5.23 earnings per share for the current year.

John Bean Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. John Bean Technologies’s dividend payout ratio (DPR) is currently 7.42%.

Wall Street Analysts Forecast Growth

JBT has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on John Bean Technologies in a research note on Thursday, December 12th. They issued a “hold” rating and a $130.00 target price for the company. CJS Securities initiated coverage on John Bean Technologies in a research note on Thursday, December 12th. They issued an “outperform” rating and a $150.00 target price for the company.

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.