Metropolitan Life Insurance Co. NY lowered its position in John Bean Technologies Corp (NYSE:JBT) by 0.1% during the fourth quarter, Holdings Channel reports. The fund owned 19,878 shares of the company’s stock after selling 15 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in John Bean Technologies Corp were worth $1,709,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Elkfork Partners LLC bought a new stake in shares of John Bean Technologies Corp during the fourth quarter worth $120,000. BlackRock Japan Co. Ltd boosted its stake in shares of John Bean Technologies Corp by 8.3% in the third quarter. BlackRock Japan Co. Ltd now owns 1,936 shares of the company’s stock worth $137,000 after buying an additional 149 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of John Bean Technologies Corp by 1,033.2% in the third quarter. Meeder Asset Management Inc. now owns 2,153 shares of the company’s stock worth $152,000 after buying an additional 1,963 shares during the last quarter. Sei Investments Co. boosted its stake in shares of John Bean Technologies Corp by 115.4% in the third quarter. Sei Investments Co. now owns 2,690 shares of the company’s stock worth $190,000 after buying an additional 1,441 shares during the last quarter. Finally, First Republic Investment Management Inc. bought a new stake in shares of John Bean Technologies Corp during the fourth quarter worth $215,000. Institutional investors and hedge funds own 97.86% of the company’s stock.

Institutional Ownership by Quarter for John Bean Technologies Corp (NYSE:JBT)

Shares of John Bean Technologies Corp (NYSE:JBT) opened at 89.45 on Tuesday. The firm has a market capitalization of $2.62 billion, a PE ratio of 39.46 and a beta of 1.34. The company has a 50-day moving average price of $87.31 and a 200 day moving average price of $81.13. John Bean Technologies Corp has a 52-week low of $51.20 and a 52-week high of $93.55.

John Bean Technologies Corp (NYSE:JBT) last posted its quarterly earnings data on Monday, February 27th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.18. The business had revenue of $405 million for the quarter, compared to analyst estimates of $386.51 million. John Bean Technologies Corp had a return on equity of 48.82% and a net margin of 5.04%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. Analysts expect that John Bean Technologies Corp will post $3.08 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Monday, February 27th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 23rd. This is a positive change from John Bean Technologies Corp’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. John Bean Technologies Corp’s payout ratio is presently 18.26%.

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A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded John Bean Technologies Corp from a “hold” rating to a “strong-buy” rating and set a $103.00 price target on the stock in a research report on Thursday, March 2nd. Sidoti cut John Bean Technologies Corp from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Thursday, December 1st. Robert W. Baird assumed coverage on John Bean Technologies Corp in a research report on Monday, March 13th. They set an “outperform” rating and a $101.00 price target on the stock. Finally, Wells Fargo & Co assumed coverage on John Bean Technologies Corp in a research report on Monday, March 13th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $91.80.

John Bean Technologies Corp Company Profile

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food processing and air transportation industries. The Company designs, manufactures, tests and services technological systems and products. It operates through two segments. The JBT FoodTech segment designs, manufactures services and food processing systems used for fruit juice production, frozen food production, in-container food production and convenience food preparation, among others by the food industry.

5 Day Chart for NYSE:JBT

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