Confluence Investment Management LLC Sells 4,139 Shares of John Bean Technologies Co. (NYSE:JBT)

Confluence Investment Management LLC decreased its position in John Bean Technologies Co. (NYSE:JBT) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,676 shares of the industrial products company’s stock after selling 4,139 shares during the quarter. Confluence Investment Management LLC’s holdings in John Bean Technologies were worth $13,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of JBT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in John Bean Technologies by 170.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock worth $82,964,000 after acquiring an additional 531,298 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of John Bean Technologies by 57.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock worth $121,507,000 after purchasing an additional 466,846 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in John Bean Technologies during the 3rd quarter valued at approximately $29,385,000. NFJ Investment Group LLC bought a new stake in John Bean Technologies during the 3rd quarter valued at approximately $12,151,000. Finally, Envestnet Asset Management Inc. grew its holdings in John Bean Technologies by 91.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock valued at $17,866,000 after buying an additional 89,604 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JBT shares. CJS Securities initiated coverage on John Bean Technologies in a report on Thursday, December 12th. They set an “outperform” rating and a $150.00 price target for the company. Jefferies Financial Group began coverage on shares of John Bean Technologies in a research note on Thursday, December 12th. They set a “hold” rating and a $130.00 target price for the company.

John Bean Technologies Stock Performance

JBT traded down $0.99 on Thursday, hitting $126.11. 88,036 shares of the stock traded hands, compared to its average volume of 310,231. The business has a fifty day moving average price of $121.73 and a two-hundred day moving average price of $103.77. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.02 billion, a PE ratio of 23.40, a P/E/G ratio of 1.71 and a beta of 1.24. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $132.69.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $453.80 million for the quarter, compared to analysts’ expectations of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. John Bean Technologies’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. On average, research analysts predict that John Bean Technologies Co. will post 5.21 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Friday, December 13th. John Bean Technologies’s payout ratio is 7.42%.

John Bean Technologies Company 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.