Conestoga Capital Advisors LLC Boosts Holdings in John Bean Technologies Co. (NYSE:JBT)

Conestoga Capital Advisors LLC boosted its position in shares of John Bean Technologies Co. (NYSE:JBT) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 920,281 shares of the industrial products company’s stock after buying an additional 21,000 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in John Bean Technologies were worth $91,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of JBT. Vanguard Group Inc. raised its holdings in shares of John Bean Technologies by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,427,710 shares of the industrial products company’s stock valued at $294,782,000 after acquiring an additional 31,812 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of John Bean Technologies by 64.6% during the first quarter. Wellington Management Group LLP now owns 1,844,737 shares of the industrial products company’s stock worth $218,546,000 after acquiring an additional 723,720 shares during the last quarter. State Street Corp grew its holdings in shares of John Bean Technologies by 3.7% during the 1st quarter. State Street Corp now owns 1,072,846 shares of the industrial products company’s stock worth $127,100,000 after purchasing an additional 38,132 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of John Bean Technologies by 2.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 910,912 shares of the industrial products company’s stock worth $99,554,000 after purchasing an additional 23,731 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of John Bean Technologies by 109.9% during the 3rd quarter. Victory Capital Management Inc. now owns 826,544 shares of the industrial products company’s stock worth $86,903,000 after purchasing an additional 432,822 shares during the period. 98.92% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Stock Down 3.6 %

JBT stock traded down $3.45 during trading on Wednesday, hitting $93.62. 145,285 shares of the company’s stock were exchanged, compared to its average volume of 206,893. The business has a 50-day moving average price of $101.08 and a two-hundred day moving average price of $101.61. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 5.15, a PEG ratio of 1.50 and a beta of 1.29. John Bean Technologies Co. has a 52-week low of $89.96 and a 52-week high of $125.88. 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 (NYSE:JBT) last posted its 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. The firm had revenue of $444.60 million during the quarter, compared to analysts’ expectations of $445.81 million. John Bean Technologies had a return on equity of 12.15% and a net margin of 33.53%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. As a group, equities research analysts expect that John Bean Technologies Co. will post 5.15 EPS for the current year.

John Bean Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s dividend payout ratio is presently 2.12%.

Analysts Set New Price Targets

Separately, Robert W. Baird reissued an “outperform” rating and set a $121.00 target price on shares of John Bean Technologies in a research note on Monday, January 22nd. One investment analyst has rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, John Bean Technologies 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.