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Bank of Montreal Can Sells 465 Shares of John Bean Technologies Co. (NYSE:JBT)

Defense World · Sep 8, 2022 05:01

Bank of Montreal Can lessened its stake in shares of John Bean Technologies Co. (NYSE:JBT – Get Rating) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,201 shares of the industrial products company's stock after selling 465 shares during the quarter. Bank of Montreal Can owned about 0.21% of John Bean Technologies worth $7,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in JBT. Royce & Associates LP boosted its position in shares of John Bean Technologies by 10.7% during the 1st quarter. Royce & Associates LP now owns 675,926 shares of the industrial products company's stock worth $80,077,000 after purchasing an additional 65,280 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in John Bean Technologies by 22.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 270,720 shares of the industrial products company's stock valued at $41,572,000 after acquiring an additional 49,888 shares in the last quarter. American Century Companies Inc. lifted its position in John Bean Technologies by 16.2% in the 1st quarter. American Century Companies Inc. now owns 276,859 shares of the industrial products company's stock valued at $32,800,000 after acquiring an additional 38,516 shares in the last quarter. Roubaix Capital LLC bought a new position in John Bean Technologies in the 1st quarter valued at about $4,031,000. Finally, Davy Global Fund Management Ltd lifted its position in John Bean Technologies by 60.1% in the 1st quarter. Davy Global Fund Management Ltd now owns 84,146 shares of the industrial products company's stock valued at $9,969,000 after acquiring an additional 31,593 shares in the last quarter.

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John Bean Technologies Price Performance

John Bean Technologies stock opened at $99.90 on Thursday. John Bean Technologies Co. has a 52 week low of $96.68 and a 52 week high of $177.56. The company's 50 day moving average price is $111.05 and its two-hundred day moving average price is $113.23. The company has a quick ratio of 0.84, a current ratio of 1.33 and a debt-to-equity ratio of 0.85. The stock has a market cap of $3.18 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.36 and a beta of 1.40.

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 the consensus estimate 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 the consensus estimate of $552.27 million. During the same period in the prior year, the business earned $1.19 EPS. John Bean Technologies's quarterly revenue was up 14.0% compared to the same quarter last year. On average, equities analysts predict that John Bean Technologies Co. will post 4.94 earnings per share for the current year.

John Bean Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were paid a dividend of $0.10 per share. The ex-dividend date was Friday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. John Bean Technologies's payout ratio is currently 10.70%.

Insider Transactions at John Bean Technologies

In other news, Director Caroline Maury Devine sold 300 shares of the firm's stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $107.71, for a total transaction of $32,313.00. Following the completion of the sale, the director now owns 47,649 shares in the company, valued at approximately $5,132,273.79. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 900 shares of company stock worth $100,599 in the last quarter. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

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

John Bean Technologies Profile

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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.