Allianz Asset Management GmbH reduced its holdings in shares of John Bean Technologies Corporation (NYSE:JBT) by 25.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,142 shares of the industrial products company’s stock after selling 46,354 shares during the period. Allianz Asset Management GmbH owned about 0.42% of John Bean Technologies worth $13,461,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Alps Advisors Inc. boosted its position in shares of John Bean Technologies by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,438 shares of the industrial products company’s stock worth $533,000 after purchasing an additional 14 shares during the period. D.A. Davidson & CO. boosted its position in shares of John Bean Technologies by 1.2% in the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 19 shares during the period. Teacher Retirement System of Texas boosted its position in shares of John Bean Technologies by 1.9% in the second quarter. Teacher Retirement System of Texas now owns 2,496 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 47 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of John Bean Technologies by 9.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 114 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its position in shares of John Bean Technologies by 4.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,758 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 122 shares during the period. 99.26% of the stock is owned by institutional investors and hedge funds.

Shares of John Bean Technologies Corporation (NYSE JBT) traded down $0.55 during trading hours on Friday, hitting $110.00. 226,600 shares of the company were exchanged, compared to its average volume of 177,932. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91. John Bean Technologies Corporation has a 12-month low of $80.70 and a 12-month high of $120.55. The company has a market capitalization of $3,489.81, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 2.46 and a beta of 1.35.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. John Bean Technologies had a net margin of 5.41% and a return on equity of 25.51%. The firm had revenue of $420.80 million during the quarter, compared to analyst estimates of $414.17 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. John Bean Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. equities research analysts anticipate that John Bean Technologies Corporation will post 3.07 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. John Bean Technologies’s dividend payout ratio is 14.81%.

A number of equities analysts have weighed in on JBT shares. Robert W. Baird set a $101.00 price target on shares of John Bean Technologies and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research report on Thursday, October 26th. Finally, Bank of America lowered shares of John Bean Technologies from a “neutral” rating to an “underperform” rating in a research report on Friday, December 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. John Bean Technologies has an average rating of “Hold” and a consensus target price of $104.86.

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John Bean Technologies Company Profile

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

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

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