Victory Capital Management Inc. lessened its holdings in shares of John Bean Technologies Corporation (NYSE:JBT) by 99.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,922 shares of the industrial products company’s stock after selling 187,751 shares during the quarter. Victory Capital Management Inc.’s holdings in John Bean Technologies Corporation were worth $188,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JBT. BlackRock Inc. raised its stake in John Bean Technologies Corporation by 30,340.7% during the 1st quarter. BlackRock Inc. now owns 3,715,900 shares of the industrial products company’s stock worth $326,813,000 after buying an additional 3,703,693 shares during the period. JPMorgan Chase & Co. raised its stake in John Bean Technologies Corporation by 103.3% during the 1st quarter. JPMorgan Chase & Co. now owns 986,827 shares of the industrial products company’s stock worth $86,792,000 after buying an additional 501,526 shares during the period. Vanguard Group Inc. raised its stake in John Bean Technologies Corporation by 16.5% during the 1st quarter. Vanguard Group Inc. now owns 2,757,581 shares of the industrial products company’s stock worth $242,529,000 after buying an additional 390,070 shares during the period. GW&K Investment Management LLC acquired a new stake in John Bean Technologies Corporation during the 2nd quarter worth $25,024,000. Finally, Renaissance Technologies LLC acquired a new stake in John Bean Technologies Corporation during the 1st quarter worth $10,633,000. 99.25% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Caroline Maury Devine sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $88.16, for a total transaction of $176,320.00. Following the transaction, the director now owns 48,592 shares in the company, valued at $4,283,870.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Megan J. Rattigan sold 3,103 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $87.27, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 15,103 shares of company stock worth $1,314,919 in the last quarter. Company insiders own 1.81% of the company’s stock.

Several analysts recently commented on the company. BidaskClub downgraded John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Robert W. Baird set a $101.00 price objective on John Bean Technologies Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, J P Morgan Chase & Co assumed coverage on John Bean Technologies Corporation in a research note on Friday, June 2nd. They set a “neutral” rating and a $88.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $99.86.

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John Bean Technologies Corporation (NYSE:JBT) opened at 95.50 on Friday. The company has a market cap of $3.02 billion, a PE ratio of 36.99 and a beta of 1.32. John Bean Technologies Corporation has a 12-month low of $66.08 and a 12-month high of $99.20. The firm’s 50-day moving average price is $90.38 and its 200-day moving average price is $89.76.

John Bean Technologies Corporation (NYSE:JBT) last announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 earnings per share 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 firm had revenue of $386.10 million for the quarter, compared to analyst estimates of $381.49 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. Equities research analysts forecast that John Bean Technologies Corporation will post $3.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. This is a positive change from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. John Bean Technologies Corporation’s dividend payout ratio is currently 15.44%.

John Bean Technologies Corporation Company 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 Corporation (NYSE:JBT)

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