Thrivent Financial for Lutherans cut its stake in John Bean Technologies Co. (NYSE:JBT – Get Rating) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,678 shares of the industrial products company’s stock after selling 258 shares during the quarter. Thrivent Financial for Lutherans owned 0.10% of John Bean Technologies worth $2,984,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in JBT. Eagle Bay Advisors LLC grew its position in John Bean Technologies by 1,700.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 270 shares of the industrial products company’s stock valued at $25,000 after buying an additional 255 shares during the period. Wipfli Financial Advisors LLC bought a new stake in John Bean Technologies during the third quarter valued at approximately $32,000. Point72 Hong Kong Ltd bought a new stake in John Bean Technologies during the first quarter valued at approximately $59,000. Whittier Trust Co. grew its position 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 during the period. Finally, Captrust Financial Advisors grew its position in John Bean Technologies by 201.2% during the first quarter. Captrust Financial Advisors now owns 1,208 shares of the industrial products company’s stock valued at $143,000 after buying an additional 807 shares during the period. 98.38% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
JBT has been the subject of several recent research reports. StockNews.com initiated coverage on shares of John Bean Technologies in a research report on Thursday, March 16th. They set a “hold” rating for the company. TheStreet lowered shares of John Bean Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, April 25th.
John Bean Technologies Stock Performance
John Bean Technologies (NYSE:JBT – Get Rating) last released its earnings results on Wednesday, April 26th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.72 by $0.22. John Bean Technologies had a net margin of 5.87% and a return on equity of 18.50%. The firm had revenue of $529.50 million for the quarter, compared to the consensus estimate of $513.54 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities analysts forecast that John Bean Technologies Co. will post 5.3 earnings per share for the current fiscal year.
John Bean Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 25th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, May 24th. John Bean Technologies’s dividend payout ratio (DPR) is presently 9.80%.
Insider Transactions at John Bean Technologies
In other news, Director Caroline Maury Devine sold 300 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $109.65, for a total value of $32,895.00. Following the transaction, the director now owns 45,549 shares of the company’s stock, valued at $4,994,447.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 900 shares of company stock valued at $95,787. 0.96% of the stock is currently owned by corporate insiders.
John Bean Technologies Company Profile
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.
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