D. E. Shaw & Co. Inc. Raises Position in John Bean Technologies Co. (NYSE:JBT)

D. E. Shaw & Co. Inc. lifted its stake in John Bean Technologies Co. (NYSE:JBT) by 37.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,865 shares of the industrial products company’s stock after purchasing an additional 64,280 shares during the period. D. E. Shaw & Co. Inc. owned 0.74% of John Bean Technologies worth $22,495,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Deerfield Management Company L.P. Series C bought a new position in shares of John Bean Technologies during the 2nd quarter valued at approximately $428,000. AQR Capital Management LLC bought a new stake in shares of John Bean Technologies during the 2nd quarter valued at $1,532,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of John Bean Technologies by 880.9% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 28,534 shares of the industrial products company’s stock valued at $2,710,000 after buying an additional 25,625 shares in the last quarter. Marshall Wace LLP boosted its holdings in John Bean Technologies by 104.9% in the 2nd quarter. Marshall Wace LLP now owns 48,425 shares of the industrial products company’s stock worth $4,599,000 after buying an additional 24,793 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd increased its stake in John Bean Technologies by 144.6% in the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 41,887 shares of the industrial products company’s stock worth $3,978,000 after buying an additional 24,762 shares in the last quarter. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Price Performance

Shares of John Bean Technologies stock opened at $97.82 on Monday. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 1.29 and a beta of 1.24. The company has a quick ratio of 1.96, a current ratio of 2.54 and a debt-to-equity ratio of 0.43. The stock’s 50-day simple moving average is $91.59 and its 200-day simple moving average is $93.99. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $109.91.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.19). John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The business had revenue of $402.30 million during the quarter, compared to the consensus estimate of $432.67 million. During the same quarter in the previous year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, analysts expect that John Bean Technologies Co. will post 5.18 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were given a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. John Bean Technologies’s payout ratio is 2.13%.

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.