Oppenheimer Asset Management Inc. Cuts Stock Position in John Bean Technologies Co. (NYSE:JBT)

Oppenheimer Asset Management Inc. lowered its position in John Bean Technologies Co. (NYSE:JBT) by 32.9% during the second quarter, Holdings Channel reports. The institutional investor owned 2,894 shares of the industrial products company’s stock after selling 1,419 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in John Bean Technologies were worth $275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in John Bean Technologies during the 4th quarter worth approximately $35,164,000. P2 Capital Partners LLC grew its position in John Bean Technologies by 39.0% during the 4th quarter. P2 Capital Partners LLC now owns 556,442 shares of the industrial products company’s stock worth $55,338,000 after purchasing an additional 156,241 shares during the last quarter. Bamco Inc. NY grew its position in John Bean Technologies by 23.8% during the 1st quarter. Bamco Inc. NY now owns 650,000 shares of the industrial products company’s stock worth $68,178,000 after purchasing an additional 125,000 shares during the last quarter. Champlain Investment Partners LLC grew its position in John Bean Technologies by 7.8% during the 1st quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company’s stock worth $162,072,000 after purchasing an additional 112,035 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in John Bean Technologies by 69.4% during the 2nd quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company’s stock worth $19,912,000 after purchasing an additional 85,910 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Down 1.6 %

NYSE:JBT opened at $91.20 on Friday. The company has a market cap of $2.90 billion, a PE ratio of 4.87, a P/E/G ratio of 1.20 and a beta of 1.24. John Bean Technologies Co. has a twelve month low of $82.64 and a twelve 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 company’s 50 day moving average is $92.05 and its two-hundred day moving average is $94.33.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.19). John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The business had revenue of $402.30 million for the quarter, compared to analyst estimates of $432.67 million. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis. Analysts anticipate that John Bean Technologies Co. will post 5.18 EPS for the current year.

John Bean Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s dividend payout ratio is currently 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.