Inspire Investing LLC Sells 419 Shares of John Bean Technologies Co. (NYSE:JBT)

Inspire Investing LLC cut its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 10.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,430 shares of the industrial products company’s stock after selling 419 shares during the quarter. Inspire Investing LLC’s holdings in John Bean Technologies were worth $360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC lifted its position in John Bean Technologies by 2.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 920,281 shares of the industrial products company’s stock worth $91,522,000 after buying an additional 21,000 shares in the last quarter. Quadrature Capital Ltd lifted its position in John Bean Technologies by 330.2% during the 4th quarter. Quadrature Capital Ltd now owns 27,145 shares of the industrial products company’s stock worth $2,705,000 after buying an additional 20,835 shares in the last quarter. P2 Capital Partners LLC lifted its position in John Bean Technologies by 39.0% during the 4th quarter. P2 Capital Partners LLC now owns 556,442 shares of the industrial products company’s stock worth $55,338,000 after buying an additional 156,241 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of John Bean Technologies in the 4th quarter valued at about $723,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of John Bean Technologies in the 4th quarter valued at about $3,481,000. 98.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

John Bean Technologies Stock Down 0.8 %

Shares of JBT stock opened at $98.00 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.83 and a current ratio of 2.37. The firm’s 50-day moving average is $94.61 and its 200-day moving average is $96.64. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 5.27, a PEG ratio of 1.47 and a beta of 1.27. John Bean Technologies Co. has a 52-week low of $88.03 and a 52-week high of $123.82.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The business had revenue of $392.30 million for the quarter, compared to analyst estimates of $396.55 million. During the same quarter in the prior year, the business earned $0.94 EPS. John Bean Technologies’s quarterly revenue was up 1.0% on a year-over-year basis. Sell-side analysts predict that John Bean Technologies Co. will post 5.15 EPS for the current year.

John Bean Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a $0.10 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. John Bean Technologies’s dividend payout ratio (DPR) 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.