Oppenheimer Asset Management Inc. Increases Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Defense World · Sep 4, 2022 06:01

Oppenheimer Asset Management Inc. lifted its holdings in John Bean Technologies Co. (NYSE:JBT – Get Rating) by 19.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,460 shares of the industrial products company's stock after buying an additional 879 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in John Bean Technologies were worth $647,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JBT. Advisor Group Holdings Inc. boosted its stake in shares of John Bean Technologies by 9.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,245 shares of the industrial products company's stock valued at $498,000 after buying an additional 268 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of John Bean Technologies by 1.3% in the fourth quarter. Bank of America Corp DE now owns 78,153 shares of the industrial products company's stock valued at $12,002,000 after buying an additional 980 shares in the last quarter. Brinker Capital Investments LLC purchased a new stake in shares of John Bean Technologies in the fourth quarter valued at approximately $248,000. First Republic Investment Management Inc. boosted its stake in shares of John Bean Technologies by 28.5% in the fourth quarter. First Republic Investment Management Inc. now owns 27,446 shares of the industrial products company's stock valued at $4,215,000 after buying an additional 6,094 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of John Bean Technologies by 4.8% in the fourth quarter. Baird Financial Group Inc. now owns 5,840 shares of the industrial products company's stock valued at $897,000 after buying an additional 265 shares in the last quarter.

Get John Bean Technologies alerts:

Analyst Ratings Changes

Separately, Robert W. Baird decreased their target price on John Bean Technologies from $140.00 to $128.00 in a research report on Thursday, July 28th.

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 Thursday, August 18th. The stock was sold at an average price of $118.96, for a total value of $35,688.00. Following the completion of the transaction, the director now directly owns 47,349 shares of the company's stock, valued at $5,632,637.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 900 shares of company stock valued at $100,599 over the last three months. 1.30% of the stock is currently owned by insiders.

John Bean Technologies Stock Up 0.1 %

JBT opened at $100.41 on Friday. The business's fifty day moving average is $112.22 and its two-hundred day moving average is $114.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 1.33. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.45 and a beta of 1.40. John Bean Technologies Co. has a one year low of $98.57 and a one year high of $177.56.

John Bean Technologies (NYSE:JBT – Get Rating) last posted its earnings results on Wednesday, July 27th. The industrial products company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.05). John Bean Technologies had a return on equity of 16.69% and a net margin of 6.04%. The firm had revenue of $542.30 million for the quarter, compared to analysts' expectations of $552.27 million. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts anticipate that John Bean Technologies Co. will post 4.94 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd will be issued a $0.10 dividend. The ex-dividend date is Friday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. John Bean Technologies's dividend payout ratio (DPR) is 10.70%.

John Bean Technologies Company Profile

(Get Rating)

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through two segments: JBT FoodTech and JBT AeroTech. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, X-ray food inspection, and food safety solutions.