Lombard Odier Asset Management Europe Ltd Raises Stock Position in John Bean Technologies Co. (NYSE:JBT)

Lombard Odier Asset Management Europe Ltd raised its stake in shares of John Bean Technologies Co. (NYSE:JBT) by 144.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,887 shares of the industrial products company’s stock after purchasing an additional 24,762 shares during the period. Lombard Odier Asset Management Europe Ltd owned 0.13% of John Bean Technologies worth $3,978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in John Bean Technologies by 57.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock worth $121,507,000 after buying an additional 466,846 shares in the last quarter. Norges Bank acquired a new position in John Bean Technologies in the 4th quarter valued at $35,164,000. P2 Capital Partners LLC lifted its holdings in John Bean Technologies by 39.0% in the 4th quarter. P2 Capital Partners LLC now owns 556,442 shares of the industrial products company’s stock valued at $55,338,000 after purchasing an additional 156,241 shares in the last quarter. Bamco Inc. NY boosted its stake 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. Finally, Champlain Investment Partners LLC grew its holdings in shares of John Bean Technologies by 7.8% during the first quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company’s stock worth $162,072,000 after buying an additional 112,035 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Performance

NYSE:JBT opened at $91.20 on Monday. The company has a market cap of $2.90 billion, a P/E 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’s 50-day moving average price is $92.05 and its 200-day moving average price is $94.29. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last released its earnings results 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 business 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 company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share. On average, sell-side analysts forecast that John Bean Technologies Co. will post 5.18 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

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