Bessemer Group Inc. Acquires 1,452 Shares of John Bean Technologies Co. (NYSE:JBT)

Bessemer Group Inc. raised its holdings in John Bean Technologies Co. (NYSE:JBT) by 7.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,270 shares of the industrial products company’s stock after acquiring an additional 1,452 shares during the quarter. Bessemer Group Inc.’s holdings in John Bean Technologies were worth $2,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of JBT. UMB Bank n.a. lifted its holdings in shares of John Bean Technologies by 162.1% in the 1st quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock worth $26,000 after buying an additional 154 shares during the period. SG Americas Securities LLC purchased a new stake in shares of John Bean Technologies in the 4th quarter worth $143,000. Jump Financial LLC purchased a new stake in shares of John Bean Technologies in the 4th quarter worth $211,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of John Bean Technologies in the 1st quarter worth $238,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of John Bean Technologies by 8.0% in the 4th quarter. QRG Capital Management Inc. now owns 2,651 shares of the industrial products company’s stock worth $264,000 after buying an additional 197 shares during the period. Institutional investors own 98.92% of the company’s stock.

Analysts Set New Price Targets

Separately, William Blair reiterated a “market perform” rating on shares of John Bean Technologies in a report on Thursday, May 2nd.

John Bean Technologies Stock Up 0.4 %

Shares of NYSE JBT traded up $0.44 during mid-day trading on Thursday, reaching $99.79. 84,372 shares of the company were exchanged, compared to its average volume of 256,875. The company has a quick ratio of 1.83, a current ratio of 2.37 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 5.30, a P/E/G ratio of 1.57 and a beta of 1.27. John Bean Technologies Co. has a 1 year low of $88.03 and a 1 year high of $123.82. The firm has a 50-day moving average of $95.53 and a 200 day moving average of $96.92.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $392.30 million during the quarter, compared to analysts’ expectations of $396.55 million. John Bean Technologies had a return on equity of 10.56% and a net margin of 36.12%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 EPS. On average, research analysts expect that John Bean Technologies Co. will post 5.15 earnings per share for the current year.

John Bean Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date was Wednesday, May 22nd. John Bean Technologies’s dividend payout ratio is currently 2.13%.

John Bean Technologies Profile

John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.