Mirae Asset Global Investments Co. Ltd. Lowers Holdings in John Bean Technologies Co. (NYSE:JBT)

Mirae Asset Global Investments Co. Ltd. cut its stake in John Bean Technologies Co. (NYSE:JBTFree Report) by 19.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 307,891 shares of the industrial products company’s stock after selling 75,613 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.97% of John Bean Technologies worth $32,633,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in John Bean Technologies in the fourth quarter valued at $35,164,000. P2 Capital Partners LLC lifted its stake in shares of John Bean Technologies by 39.0% in the 4th quarter. P2 Capital Partners LLC now owns 556,442 shares of the industrial products company’s stock valued at $55,338,000 after purchasing an additional 156,241 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of John Bean Technologies during the 4th quarter worth about $12,594,000. 2Xideas AG acquired a new stake in John Bean Technologies during the 3rd quarter worth approximately $10,714,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in John Bean Technologies by 53.1% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 189,835 shares of the industrial products company’s stock worth $19,912,000 after purchasing an additional 65,804 shares in the last quarter. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, William Blair reiterated a “market perform” rating on shares of John Bean Technologies in a research note on Thursday, May 2nd.

Get Our Latest Research Report on JBT

John Bean Technologies Trading Down 0.8 %

Shares of JBT opened at $90.55 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.37 and a quick ratio of 1.83. John Bean Technologies Co. has a 12 month low of $88.03 and a 12 month high of $123.82. The stock has a market cap of $2.88 billion, a PE ratio of 4.83, a P/E/G ratio of 1.39 and a beta of 1.27. The stock’s 50-day moving average is $94.23 and its two-hundred day moving average is $97.04.

John Bean Technologies (NYSE:JBTGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $392.30 million during the quarter, compared to analysts’ expectations of $396.55 million. John Bean Technologies had a return on equity of 10.56% and a net margin of 36.12%. John Bean Technologies’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. Equities analysts forecast that John Bean Technologies Co. will post 5.15 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. John Bean Technologies’s payout ratio is currently 2.13%.

John Bean Technologies Profile

(Free Report)

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.

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

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