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Oliver Lagore Vanvalin Investment Group Invests $30,000 in John Bean Technologies Co. (NYSE:JBT)

Defense World · Sep 17, 2022 07:31

Oliver Lagore Vanvalin Investment Group bought a new position in shares of John Bean Technologies Co. (NYSE:JBT – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 250 shares of the industrial products company's stock, valued at approximately $30,000.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of John Bean Technologies during the first quarter worth approximately $25,000. CWM LLC grew its position in John Bean Technologies by 176.1% during the first quarter. CWM LLC now owns 243 shares of the industrial products company's stock worth $29,000 after buying an additional 155 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in John Bean Technologies by 49.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 292 shares of the industrial products company's stock worth $35,000 after buying an additional 96 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in John Bean Technologies during the first quarter worth approximately $59,000. Finally, Quadrant Capital Group LLC grew its position in John Bean Technologies by 25.3% during the first quarter. Quadrant Capital Group LLC now owns 698 shares of the industrial products company's stock worth $83,000 after buying an additional 141 shares in the last quarter.

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Analyst Ratings Changes

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

John Bean Technologies Trading Down 2.0 %

Shares of JBT stock opened at $91.37 on Friday. The stock's fifty day moving average price is $109.30 and its two-hundred day moving average price is $112.44. The company has a market cap of $2.91 billion, a PE ratio of 24.43, a P/E/G ratio of 1.31 and a beta of 1.40. John Bean Technologies Co. has a fifty-two week low of $90.23 and a fifty-two week high of $177.56. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 1.33.

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

John Bean Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, August 19th. John Bean Technologies's dividend payout ratio (DPR) is 10.70%.

Insider Activity at John Bean Technologies

In related news, Director Caroline Maury Devine sold 300 shares of the firm's stock in a transaction on Monday, July 18th. The stock was sold at an average price of $107.71, for a total transaction of $32,313.00. Following the sale, the director now owns 47,649 shares of the company's stock, valued at approximately $5,132,273.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 900 shares of company stock valued at $100,599 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

About John Bean Technologies

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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.