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Bank of Montreal Can Sells John Bean Technologies Co. (NYSE:JBT) Shares

The most recent Form 13F filing that the company made with the SEC reveals that during the third quarter, Bank of Montreal Canada decreased its holdings in John Bean Technologies Co (NYSE: JBT).

The institutional investor now has 49,620 shares of the company’s stock after selling 9,454 shares during the quarter.

This brings the total number of shares owned by the investor to 49,620.

At the end of the most recent reporting period, the total worth held by the Bank of Montreal Can be $4,646,000, equivalent to 0.16% of John Bean Technologies.

Hedge funds and other types of institutional investors have been increasing the percentage of their holdings invested in the company over the past few months.

The percentage of John Bean Technologies in which Mitsubishi UFJ Kokusai Asset Management Co Ltd had invested increased by 19.9% during the second quarter of the fiscal year. Following the acquisition of an additional 834 shares during the relevant period, Mitsubishi UFJ Kokusai Asset Management Co Ltd now has a total number of shares in the industrial products company equal to a value of $554,000.

MQS Management LLC increased its ownership stake in John Bean Technologies by contributing approximately $231,000 during the third quarter of the fiscal year. RK Capital Management LLC increased the proportion of John Bean Technologies in which it was invested by 11.8% during the third quarter. RK Capital Management LLC now has 128,635 shares of the industrial products company’s stock, valued at $11,063,000 after the purchase of an additional 13,560 shares during the period in question. Nomura Holdings INC increased the amount of John Bean Technologies stock it owns by 2.6% during the second quarter of the fiscal year. Nomura Holdings INC now has a total of 99,024 shares of the stock of the industrial products company after purchasing an additional 2,487 shares during the most recent period.

This brings the company’s total number of shares to 99,024.

These shares are currently worth a total of $10,988,000 as of right now.

And finally, during the second quarter, Roubaix Capital LLC increased the number of John Bean Technologies shares in its investment portfolio by 11.6%. Following acquiring a further 3,959 shares during the relevant period, Roubaix Capital LLC now owns 37,987 shares of the stock held by the industrial products company.

The stock has a value of $4,195,000, and the company has a market capitalization of that amount.

Institutional investors and hedge funds collectively hold 98.38% of the total number of shares issued by the company.
Recent studies have concentrated on JBT because it has recently been the subject of much research. William Blair’s research report, published on Thursday, October 27, indicated that the “outperform” rating assigned to John Bean Technologies had been changed to a “market perform” rating.

In a report released by TheStreet on Tuesday, a research analyst gave John Bean Technologies a rating of “b,” which is an improvement from the previous rating of “c+.” JPMorgan Chase & Co revealed on November 28, in a research report published that day, that the price objective they have set for John Bean Technologies has been decreased to $100.00.

BMO Capital Markets gave the company an “outperform” rating in a research report published on November 2, and they lowered their price objective on John Bean Technologies from $135.00 to $120.00.

The report was issued on the same day.

In addition, the report recommended that the company “outperform” its competitors. Robert W.

Baird lowered his price target for John Bean Technologies in a research report published on Thursday, October 27.

The report was made available to the public.

The previous price target of $117.00 has been revised downward to $110.00.

The stock has been recommended to hold by two of the equity research analysts, while it has been given a rating of “buy” by the remaining two analysts.

According to information obtained from Bloomberg.com, the general price objective for the stock is set at $117.50, and the company currently has a rating of “Moderate Buy” as the average recommendation for its stock.
Friday’s opening price for a share of John Bean Technologies was $109.53, which remained unchanged throughout the day.

The stock possesses several characteristics, such as a market capitalization of $3.49 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.13, and a beta value of 1.39.

The price-to-earnings growth ratio indicates that the stock is expected to grow at 1.13 percent annually.

The lowest price that John Bean Technologies Co has been at over the past year is $81.59, and the highest price that John Bean Technologies Co has been at over the past year is $126.75.

The stock price has reached a simple moving average of $101.41 over the past 50 days, while the price has reached $98.26 over the past 200 days. 1.40 is the value assigned to the current ratio, 0.85 is the value assigned to the quick ratio, and 1.13 is the value assigned to the debt-to-equity ratio.

The most recent quarterly earnings report for John Bean Technologies (NYSE: JBT) was made public on February 21.

The company’s stock symbol is JBT.

The earnings per share (EPS) for the industrial goods industry came in at $1.49 for the quarter, which was $0.05 higher than the market’s estimated $1.44.

Both John Bean Technologies’ net margin, which came in at a satisfactory 6.03%, and their return on equity, which came in at an impressive 18.85%, indicate that the company did very well.

The company’s sales for the quarter came in at $599.10 million, which is less than the $599.82 million that industry experts had predicted it would bring in.

This is a decrease from the previous quarter’s sales.

In the same period as the previous year, the corporation made a profit of $0.92 per share of common stock.

The company’s revenue for the period in question rose by 20.4% when measured against the same period in the prior year.

According to the forecasts provided by analysts covering the technology sector, John Bean Technologies Co is anticipated to generate a profit of 5.4 cents per share for the current financial year.

Additionally, the company had just recently announced and distributed a quarterly dividend on January 2 of this year.

The company distributed this dividend. On Monday, December 19, $0.10 dividend payments per share were mailed to stockholders with their information on file.

As a direct result, the dividend payment will be $0.40 yearly, and the yield will be 0.37%. On Friday, December 16, the day had come and gone when customers were expected to pay for the dividend.

It has been determined that John Bean Technologies has a payout percentage of 9.80 percent.

In related news about this topic, on January 18, director Caroline Maury Devine conducted a transaction selling 300 shares of the company’s stock.

This transaction took place. With an average price of $101.57 per share, a total of $30,471.00 worth of the stock was traded, resulting in revenue.

The average price per share was $101.57.

Because of the sale, the director now owns 45,849 company shares, totaling $4,656,882.93.

The documentation that describes the transaction was submitted to the Securities and Exchange Commission, and it is possible to locate it on the SEC’s website. Over the past three months, company insiders have sold 900 shares of company stock, bringing in a total of $89,841 in proceeds from the sale of these shares.

The company’s executives own 1.30 percent of the company’s equity between them.

The post Bank of Montreal Can Sells John Bean Technologies Co. (NYSE:JBT) Shares appeared first on Best Stocks.



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Bank of Montreal Can Sells John Bean Technologies Co. (NYSE:JBT) Shares

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