Simplicity Solutions LLC Decreases Holdings in John Bean Technologies Co. (NYSE:JBT)

Simplicity Solutions LLC lowered its holdings in John Bean Technologies Co. (NYSE:JBT) by 3.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,655 shares of the industrial products company’s stock after selling 126 shares during the quarter. Simplicity Solutions LLC’s holdings in John Bean Technologies were worth $363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JBT. Conestoga Capital Advisors LLC lifted its position in John Bean Technologies by 2.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 920,281 shares of the industrial products company’s stock valued at $91,522,000 after acquiring an additional 21,000 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of John Bean Technologies by 54.0% in the 3rd quarter. Nordea Investment Management AB now owns 98,365 shares of the industrial products company’s stock valued at $10,323,000 after purchasing an additional 34,498 shares during the last quarter. 2Xideas AG acquired a new stake in shares of John Bean Technologies in the 3rd quarter valued at about $10,714,000. Diversified Trust Co grew its stake in John Bean Technologies by 2.9% during the 4th quarter. Diversified Trust Co now owns 9,675 shares of the industrial products company’s stock worth $962,000 after buying an additional 275 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in John Bean Technologies by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 343,967 shares of the industrial products company’s stock worth $36,165,000 after buying an additional 14,280 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reissued an “outperform” rating and issued a $121.00 price objective on shares of John Bean Technologies in a report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

John Bean Technologies Price Performance

Shares of NYSE:JBT opened at $91.73 on Friday. John Bean Technologies Co. has a one year low of $88.97 and a one year high of $125.88. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 1.43 and a beta of 1.29. The company has a 50-day simple moving average of $99.79 and a 200-day simple moving average of $100.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.78 and a current ratio of 2.27.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.04. John Bean Technologies had a return on equity of 12.15% and a net margin of 33.53%. The firm had revenue of $444.60 million for the quarter, compared to analysts’ expectations of $445.81 million. During the same quarter in the previous year, the firm posted $1.49 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that John Bean Technologies Co. will post 5.15 EPS for the current year.

John Bean Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. John Bean Technologies’s dividend payout ratio (DPR) is 2.12%.

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.