Simplicity Solutions LLC Sells 126 Shares of John Bean Technologies Co. (NYSE:JBT)

Simplicity Solutions LLC cut its holdings in John Bean Technologies Co. (NYSE:JBT) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,655 shares of the industrial products company’s stock after selling 126 shares during the quarter. Simplicity Solutions LLC’s holdings in John Bean Technologies were worth $363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC boosted its stake in shares of John Bean Technologies by 2.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 920,281 shares of the industrial products company’s stock valued at $91,522,000 after purchasing an additional 21,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in John Bean Technologies by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,504 shares of the industrial products company’s stock valued at $38,139,000 after acquiring an additional 6,327 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in John Bean Technologies during the 4th quarter valued at $12,594,000. Profit Investment Management LLC raised its position in shares of John Bean Technologies by 6.2% in the 4th quarter. Profit Investment Management LLC now owns 28,574 shares of the industrial products company’s stock worth $2,842,000 after acquiring an additional 1,674 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of John Bean Technologies during the 4th quarter worth $143,000. 98.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Robert W. Baird reiterated an “outperform” rating and issued a $121.00 target price on shares of John Bean Technologies in a research note on Monday, January 22nd. One analyst has rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.00.

John Bean Technologies Price Performance

Shares of JBT opened at $91.73 on Friday. The company has a 50 day moving average of $99.79 and a two-hundred day moving average of $100.97. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 4.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.29. The company has a quick ratio of 1.78, a current ratio of 2.27 and a debt-to-equity ratio of 0.43. John Bean Technologies Co. has a twelve month low of $88.97 and a twelve month high of $125.88.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.04. John Bean Technologies had a return on equity of 12.15% and a net margin of 33.53%. The firm had revenue of $444.60 million during the quarter, compared to analysts’ expectations of $445.81 million. During the same quarter last year, the firm earned $1.49 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. As a group, analysts predict that John Bean Technologies Co. will post 5.15 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s payout ratio is currently 2.12%.

About John Bean Technologies

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.