Duality Advisers LP Purchases 731 Shares of John Bean Technologies Co. (NYSE:JBT)

Duality Advisers LP raised its position in shares of John Bean Technologies Co. (NYSE:JBT) by 23.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,859 shares of the industrial products company’s stock after purchasing an additional 731 shares during the quarter. Duality Advisers LP’s holdings in John Bean Technologies were worth $384,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JBT. GPS Wealth Strategies Group LLC grew its stake in shares of John Bean Technologies by 35.5% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 980 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 257 shares during the period. SG Americas Securities LLC bought a new stake in shares of John Bean Technologies during the 4th quarter valued at about $143,000. Pathstone Family Office LLC bought a new stake in shares of John Bean Technologies during the 3rd quarter valued at about $214,000. Dark Forest Capital Management LP bought a new stake in shares of John Bean Technologies during the 3rd quarter valued at about $220,000. Finally, OLD National Bancorp IN grew its stake in shares of John Bean Technologies by 7.6% during the 3rd quarter. OLD National Bancorp IN now owns 2,249 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 158 shares during the period. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Trading Down 1.7 %

Shares of NYSE:JBT opened at $88.61 on Friday. The stock has a 50 day moving average of $99.11 and a 200 day moving average of $100.69. The company has a market cap of $2.82 billion, a PE ratio of 4.71, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. The company has a current ratio of 2.27, a quick ratio of 1.78 and a debt-to-equity ratio of 0.43. John Bean Technologies Co. has a 12-month low of $88.03 and a 12-month high of $125.88.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $444.60 million during the quarter, compared to the consensus estimate of $445.81 million. During the same period in the prior year, the company posted $1.49 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities research analysts expect that John Bean Technologies Co. will post 5.1 EPS for the current year.

John Bean Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.10 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.40 annualized dividend and a yield of 0.45%. John Bean Technologies’s payout ratio is 2.12%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reiterated an “outperform” rating and set a $121.00 price objective on shares of John Bean Technologies in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.00.

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.