Handelsbanken Fonder AB Boosts Stock Position in John Bean Technologies Co. (NYSE:JBT)

Handelsbanken Fonder AB increased its stake in John Bean Technologies Co. (NYSE:JBT) by 16.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,851 shares of the industrial products company’s stock after buying an additional 1,100 shares during the period. Handelsbanken Fonder AB’s holdings in John Bean Technologies were worth $773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JBT. SG Americas Securities LLC lifted its position in John Bean Technologies by 192.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,911 shares of the industrial products company’s stock valued at $846,000 after acquiring an additional 5,865 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in John Bean Technologies in the 1st quarter valued at approximately $685,000. Homestead Advisers Corp lifted its position in John Bean Technologies by 31.6% in the 1st quarter. Homestead Advisers Corp now owns 34,600 shares of the industrial products company’s stock valued at $3,629,000 after acquiring an additional 8,300 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in John Bean Technologies in the 4th quarter valued at approximately $3,481,000. Finally, Edgestream Partners L.P. bought a new position in John Bean Technologies in the 1st quarter valued at approximately $1,902,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Performance

JBT stock opened at $96.24 on Friday. The stock has a market capitalization of $3.06 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $109.91. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $91.47 and its 200 day simple moving average is $93.87.

John Bean Technologies (NYSE:JBT) last released 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). The firm had revenue of $402.30 million for the quarter, compared to the consensus estimate of $432.67 million. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. John Bean Technologies’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 earnings per share. As a group, research analysts forecast that John Bean Technologies Co. will post 5.18 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. John Bean Technologies’s dividend payout ratio is currently 2.13%.

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.