SG Americas Securities LLC Sells 9,284 Shares of John Bean Technologies Corporation (JBT)

SG Americas Securities LLC reduced its stake in John Bean Technologies Corporation (NYSE:JBT) by 66.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,765 shares of the industrial products company’s stock after selling 9,284 shares during the period. SG Americas Securities LLC’s holdings in John Bean Technologies Corporation were worth $467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBT. Bank of Montreal Can increased its holdings in John Bean Technologies Corporation by 1.8% in the 1st quarter. Bank of Montreal Can now owns 10,309 shares of the industrial products company’s stock valued at $907,000 after purchasing an additional 187 shares in the last quarter. Glen Harbor Capital Management LLC increased its holdings in John Bean Technologies Corporation by 4.0% in the 1st quarter. Glen Harbor Capital Management LLC now owns 1,144 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 44 shares in the last quarter. Strs Ohio increased its holdings in John Bean Technologies Corporation by 36.4% in the 1st quarter. Strs Ohio now owns 3,000 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 800 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in John Bean Technologies Corporation by 10.7% in the 1st quarter. Russell Investments Group Ltd. now owns 60,723 shares of the industrial products company’s stock valued at $5,341,000 after purchasing an additional 5,878 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in John Bean Technologies Corporation by 13.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 44,437 shares of the industrial products company’s stock valued at $3,905,000 after purchasing an additional 5,397 shares in the last quarter. Hedge funds and other institutional investors own 99.25% of the company’s stock.

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Several analysts recently issued reports on JBT shares. BidaskClub upgraded John Bean Technologies Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded John Bean Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Bank of America Corporation started coverage on John Bean Technologies Corporation in a report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 price target for the company. Robert W. Baird set a $101.00 price target on John Bean Technologies Corporation and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, J P Morgan Chase & Co started coverage on John Bean Technologies Corporation in a report on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price target for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $99.86.

In related news, VP Megan J. Rattigan sold 3,103 shares of John Bean Technologies Corporation stock in a transaction on Friday, August 18th. The shares were sold at an average price of $87.27, for a total value of $270,798.81. Following the transaction, the vice president now owns 26,091 shares in the company, valued at approximately $2,276,961.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven R. Smith sold 10,000 shares of John Bean Technologies Corporation stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total transaction of $867,800.00. Following the completion of the transaction, the executive vice president now owns 50,811 shares in the company, valued at approximately $4,409,378.58. The disclosure for this sale can be found here. Insiders sold a total of 15,103 shares of company stock worth $1,314,919 in the last quarter. Insiders own 1.81% of the company’s stock.

Shares of John Bean Technologies Corporation (NYSE:JBT) opened at 92.90 on Tuesday. John Bean Technologies Corporation has a one year low of $64.28 and a one year high of $99.20. The firm has a market capitalization of $2.94 billion, a P/E ratio of 35.98 and a beta of 1.32. The company has a 50-day moving average price of $89.81 and a 200 day moving average price of $89.39.

John Bean Technologies Corporation (NYSE:JBT) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.07. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The business had revenue of $386.10 million during the quarter, compared to analyst estimates of $381.49 million. During the same quarter in the previous year, the business earned $0.67 EPS. John Bean Technologies Corporation’s quarterly revenue was up 17.4% compared to the same quarter last year. Analysts expect that John Bean Technologies Corporation will post $3.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Thursday, August 17th. This is an increase from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. John Bean Technologies Corporation’s dividend payout ratio (DPR) is 15.44%.

About John Bean Technologies Corporation

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 Corporation (NYSE:JBT)

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