Great West Life Assurance Co. Can Sells 2,962 Shares of John Bean Technologies Corporation (JBT)

Great West Life Assurance Co. Can lessened its position in shares of John Bean Technologies Corporation (NYSE:JBT) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,231 shares of the industrial products company’s stock after selling 2,962 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.14% of John Bean Technologies worth $4,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in John Bean Technologies by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,438 shares of the industrial products company’s stock valued at $533,000 after buying an additional 14 shares in the last quarter. D.A. Davidson & CO. boosted its stake in John Bean Technologies by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock valued at $154,000 after buying an additional 19 shares in the last quarter. Aperio Group LLC boosted its stake in John Bean Technologies by 0.3% in the 2nd quarter. Aperio Group LLC now owns 13,510 shares of the industrial products company’s stock valued at $1,324,000 after buying an additional 42 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in John Bean Technologies by 1.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 2,496 shares of the industrial products company’s stock valued at $245,000 after buying an additional 47 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in John Bean Technologies by 9.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock valued at $130,000 after buying an additional 114 shares in the last quarter. 99.26% of the stock is currently owned by institutional investors.

John Bean Technologies Corporation (JBT) traded down $4.55 during trading on Friday, reaching $110.60. The company’s stock had a trading volume of 298,262 shares, compared to its average volume of 142,031. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $3,491.42, a price-to-earnings ratio of 38.94, a P/E/G ratio of 2.22 and a beta of 1.35. John Bean Technologies Corporation has a one year low of $80.70 and a one year high of $120.55.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Monday, October 23rd. The industrial products company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $420.80 million for the quarter, compared to analyst estimates of $414.17 million. John Bean Technologies had a return on equity of 25.51% and a net margin of 5.41%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. equities analysts forecast that John Bean Technologies Corporation will post 3.07 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Friday, December 15th. John Bean Technologies’s dividend payout ratio is currently 14.81%.

JBT has been the topic of several recent analyst reports. Bank of America lowered John Bean Technologies from a “neutral” rating to an “underperform” rating in a research note on Friday. Robert W. Baird boosted their price target on John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research lowered John Bean Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $105.57.

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John Bean Technologies Profile

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

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

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