Kovitz Investment Group Partners LLC Has $875,000 Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Kovitz Investment Group Partners LLC grew its stake in John Bean Technologies Co. (NYSE:JBT - Free Report) by 116.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,173 shares of the industrial products company's stock after purchasing an additional 4,943 shares during the period. Kovitz Investment Group Partners LLC's holdings in John Bean Technologies were worth $875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of John Bean Technologies by 57.5% in the second 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 purchasing an additional 466,846 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in John Bean Technologies by 2.7% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 951,534 shares of the industrial products company's stock valued at $90,367,000 after buying an additional 24,981 shares during the period. Royce & Associates LP raised its stake in shares of John Bean Technologies by 7.2% in the 3rd quarter. Royce & Associates LP now owns 858,523 shares of the industrial products company's stock valued at $84,573,000 after buying an additional 57,371 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of John Bean Technologies by 170.9% during the 3rd 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 acquiring an additional 531,298 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of John Bean Technologies by 2.6% during 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 acquiring an additional 19,549 shares in the last quarter. Institutional investors own 98.92% of the company's stock.

John Bean Technologies Price Performance

JBT stock traded up $1.74 during trading on Thursday, hitting $126.75. 344,395 shares of the stock traded hands, compared to its average volume of 285,790. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.71 and a beta of 1.24. John Bean Technologies Co. has a one year low of $82.64 and a one year high of $128.23. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. The company has a 50 day simple moving average of $113.49 and a 200 day simple moving average of $100.47.

John Bean Technologies (NYSE:JBT - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. John Bean Technologies's revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS. Equities analysts expect that John Bean Technologies Co. will post 5.23 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 0.32%. John Bean Technologies's dividend payout ratio (DPR) is 7.42%.

Wall Street Analyst Weigh In

A number of research analysts have commented on JBT shares. Jefferies Financial Group initiated coverage on shares of John Bean Technologies in a research note on Thursday. They set a "hold" rating and a $130.00 price target for the company. CJS Securities initiated coverage on John Bean Technologies in a research report on Thursday. They set an "outperform" rating and a $150.00 target price for the company.

John Bean Technologies Company 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.