John Bean Technologies Co. (NYSE:JBT) Position Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of John Bean Technologies Co. (NYSE:JBT – Get Rating) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,099 shares of the industrial products company’s stock after selling 5,727 shares during the period. Envestnet Asset Management Inc. owned about 0.18% of John Bean Technologies worth $5,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd raised its holdings in shares of 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 acquiring an additional 96 shares in the last quarter. State of Alaska Department of Revenue increased its position in John Bean Technologies by 0.5% during the fourth quarter. State of Alaska Department of Revenue now owns 22,183 shares of the industrial products company’s stock worth $2,025,000 after buying an additional 103 shares during the last quarter. Profund Advisors LLC raised its holdings in John Bean Technologies by 6.0% during the fourth quarter. Profund Advisors LLC now owns 2,509 shares of the industrial products company’s stock valued at $229,000 after buying an additional 143 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in John Bean Technologies by 0.5% during the first quarter. Great West Life Assurance Co. Can now owns 27,620 shares of the industrial products company’s stock valued at $3,359,000 after buying an additional 149 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in John Bean Technologies by 15.0% during the fourth quarter. Whittier Trust Co. now owns 1,150 shares of the industrial products company’s stock valued at $105,000 after buying an additional 150 shares in the last quarter. 98.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Caroline Maury Devine sold 300 shares of John Bean Technologies stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $107.47, for a total transaction of $32,241.00. Following the sale, the director now directly owns 44,949 shares of the company’s stock, valued at $4,830,669.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 900 shares of company stock valued at $95,787 over the last three months. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on JBT. StockNews.com began coverage on John Bean Technologies in a report on Thursday, March 16th. They set a “hold” rating on the stock. TheStreet lowered John Bean Technologies from a “b” rating to a “c+” rating in a report on Tuesday, April 25th.

John Bean Technologies Trading Down 1.1 %

John Bean Technologies stock opened at $102.62 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.83 and a current ratio of 1.40. The business’s 50-day simple moving average is $105.44 and its 200-day simple moving average is $100.61. The firm has a market capitalization of $3.27 billion, a PE ratio of 25.15, a PEG ratio of 1.24 and a beta of 1.40. John Bean Technologies Co. has a 52 week low of $81.59 and a 52 week high of $126.26.

John Bean Technologies (NYSE:JBT – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.22. The business had revenue of $529.50 million for the quarter, compared to analyst estimates of $513.54 million. John Bean Technologies had a return on equity of 18.50% and a net margin of 5.87%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. Equities research analysts forecast that John Bean Technologies Co. will post 5.3 earnings per share for the current year.

John Bean Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Monday, March 6th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Friday, March 3rd. John Bean Technologies’s dividend payout ratio (DPR) is presently 9.80%.

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.