Jane Street Group LLC Decreases Position in John Bean Technologies Co. (NYSE:JBT)

Jane Street Group LLC trimmed its holdings in John Bean Technologies Co. (NYSE:JBT - Free Report) by 31.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,678 shares of the industrial products company's stock after selling 20,286 shares during the period. Jane Street Group LLC owned 0.14% of John Bean Technologies worth $4,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in John Bean Technologies by 57.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company's stock valued at $121,507,000 after acquiring an additional 466,846 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in shares of John Bean Technologies by 2.7% in the second quarter. Conestoga Capital Advisors LLC now owns 951,534 shares of the industrial products company's stock valued at $90,367,000 after purchasing an additional 24,981 shares in the last quarter. Royce & Associates LP increased its holdings in shares of John Bean Technologies by 7.2% in the third quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company's stock valued at $84,573,000 after purchasing an additional 57,371 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in John Bean Technologies by 170.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company's stock worth $82,964,000 after buying an additional 531,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in John Bean Technologies by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company's stock valued at $73,908,000 after buying an additional 19,549 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Trading Up 1.6 %

Shares of John Bean Technologies stock traded up $1.92 during trading hours on Wednesday, hitting $122.92. The company's stock had a trading volume of 696,752 shares, compared to its average volume of 290,100. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. John Bean Technologies Co. has a twelve month low of $82.64 and a twelve month high of $128.23. The firm has a fifty day moving average of $115.43 and a 200-day moving average of $101.33.

John Bean Technologies (NYSE:JBT - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.09. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The company had revenue of $453.80 million for the quarter, compared to analysts' expectations of $442.20 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. John Bean Technologies's revenue for the quarter was up 12.4% compared to the same quarter last year. Research analysts forecast that John Bean Technologies Co. will post 5.23 EPS for the current year.

John Bean Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 0.33%. John Bean Technologies's dividend payout ratio (DPR) is presently 7.42%.

Analyst Ratings Changes

Several brokerages have recently weighed in on JBT. Jefferies Financial Group assumed coverage on shares of John Bean Technologies in a research report on Thursday, December 12th. They set a "hold" rating and a $130.00 price target on the stock. CJS Securities initiated coverage on shares of John Bean Technologies in a report on Thursday, December 12th. They issued an "outperform" rating and a $150.00 target price on the stock.

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.