Kimelman & Baird LLC Acquires New Holdings in John Bean Technologies Co. (NYSE:JBT)

Kimelman & Baird LLC bought a new position in shares of John Bean Technologies Co. (NYSE:JBT) in the second quarter, HoldingsChannel reports. The firm bought 900 shares of the industrial products company’s stock, valued at approximately $85,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. RK Capital Management LLC lifted its stake in John Bean Technologies by 15.4% in the 4th quarter. RK Capital Management LLC now owns 100,490 shares of the industrial products company’s stock valued at $9,994,000 after buying an additional 13,445 shares in the last quarter. Homestead Advisers Corp increased its position in John Bean Technologies by 18.5% during the 4th quarter. Homestead Advisers Corp now owns 26,300 shares of the industrial products company’s stock worth $2,616,000 after purchasing an additional 4,100 shares in the last quarter. Thematics Asset Management raised its stake in John Bean Technologies by 4.5% in the 4th quarter. Thematics Asset Management now owns 145,124 shares of the industrial products company’s stock valued at $14,433,000 after purchasing an additional 6,208 shares during the last quarter. Quadrature Capital Ltd raised its stake in John Bean Technologies by 330.2% in the 4th quarter. Quadrature Capital Ltd now owns 27,145 shares of the industrial products company’s stock valued at $2,705,000 after purchasing an additional 20,835 shares during the last quarter. Finally, 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. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Price Performance

John Bean Technologies stock opened at $98.43 on Tuesday. The firm’s 50-day moving average is $91.47 and its two-hundred day moving average is $93.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. The stock has a market capitalization of $3.13 billion, a P/E ratio of 5.25, a P/E/G ratio of 1.29 and a beta of 1.24. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $109.91.

John Bean Technologies (NYSE:JBT) last released its earnings results 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 return on equity of 9.67% and a net margin of 36.66%. The firm had revenue of $402.30 million during the quarter, compared to analysts’ expectations of $432.67 million. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. Equities analysts predict that John Bean Technologies Co. will post 5.18 earnings per share for the current year.

John Bean Technologies Announces Dividend

The firm also recently declared 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 0.41%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s dividend payout ratio (DPR) is 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.