1,980 Shares in John Bean Technologies Co. (NYSE:JBT) Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. acquired a new stake in shares of John Bean Technologies Co. (NYSE:JBT) in the 2nd quarter, Holdings Channel reports. The firm acquired 1,980 shares of the industrial products company’s stock, valued at approximately $188,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of John Bean Technologies by 162.1% in the 1st quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC lifted its stake in shares of John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 172 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of John Bean Technologies in the 1st quarter worth approximately $61,000. Innealta Capital LLC bought a new position in shares of John Bean Technologies during the 2nd quarter valued at approximately $73,000. Finally, Jump Financial LLC purchased a new stake in John Bean Technologies during the 4th quarter valued at $211,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Stock Down 1.6 %

Shares of JBT opened at $91.20 on Friday. John Bean Technologies Co. has a 52-week low of $82.64 and a 52-week high of $109.91. 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. 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 business has a fifty day moving average of $92.05 and a 200 day moving average of $94.33.

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

John Bean Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s payout ratio is presently 2.13%.

John Bean Technologies 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.