Wrapmanager Inc. Has $350,000 Position in John Bean Technologies Co. (NYSE:JBT)

Wrapmanager Inc. raised its position in John Bean Technologies Co. (NYSE:JBT) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,515 shares of the industrial products company’s stock after purchasing an additional 180 shares during the period. Wrapmanager Inc.’s holdings in John Bean Technologies were worth $350,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of John Bean Technologies by 109.9% during the 3rd quarter. Victory Capital Management Inc. now owns 826,544 shares of the industrial products company’s stock worth $86,903,000 after acquiring an additional 432,822 shares during the period. Assenagon Asset Management S.A. bought a new position in John Bean Technologies in the fourth quarter valued at approximately $12,594,000. 2Xideas AG acquired a new position in shares of John Bean Technologies during the 3rd quarter worth $10,714,000. Impax Asset Management Group plc bought a new position in shares of John Bean Technologies in the third quarter worth about $6,308,000. Finally, Nordea Investment Management AB grew its stake in shares of John Bean Technologies by 54.0% during the third quarter. Nordea Investment Management AB now owns 98,365 shares of the industrial products company’s stock worth $10,323,000 after buying an additional 34,498 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Stock Up 2.0 %

Shares of JBT traded up $1.80 during trading hours on Thursday, reaching $93.58. 149,148 shares of the stock traded hands, compared to its average volume of 219,709. John Bean Technologies Co. has a 52 week low of $88.03 and a 52 week high of $125.88. The stock has a fifty day simple moving average of $96.73 and a 200 day simple moving average of $99.87. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 4.99, a PEG ratio of 1.41 and a beta of 1.29. The company has a current ratio of 2.37, a quick ratio of 1.83 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $392.30 million during the quarter, compared to analyst estimates of $396.55 million. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, equities analysts forecast that John Bean Technologies Co. will post 5.12 EPS for the current year.

John Bean Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.13%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Robert W. Baird reiterated an “outperform” rating and issued a $121.00 price target on shares of John Bean Technologies in a research report on Monday, January 22nd. William Blair reissued a “market perform” rating on shares of John Bean Technologies in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, John Bean Technologies currently has a consensus rating of “Hold” and a consensus price target of $121.00.

John Bean Technologies 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.