The Manufacturers Life Insurance Company Purchases 386 Shares of John Bean Technologies Co. (NYSE:JBT)

The Manufacturers Life Insurance Company lifted its stake in John Bean Technologies Co. (NYSE:JBT) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,558 shares of the industrial products company’s stock after purchasing an additional 386 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of John Bean Technologies worth $1,667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. raised its stake 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 purchasing an additional 154 shares during the period. CWM LLC increased its position in shares of John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 172 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of John Bean Technologies in the first quarter valued at about $61,000. Innealta Capital LLC acquired a new position in John Bean Technologies during the second quarter worth approximately $73,000. Finally, Benjamin Edwards Inc. acquired a new position in John Bean Technologies during the second quarter worth approximately $188,000. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Trading Down 1.7 %

Shares of NYSE:JBT opened at $94.76 on Friday. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $109.91. The stock has a market cap of $3.02 billion, a PE ratio of 5.06, a P/E/G ratio of 1.29 and a beta of 1.25. The business has a 50 day moving average of $91.42 and a 200-day moving average of $93.93. The company has a quick ratio of 1.96, a current ratio of 2.54 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 9.67% and a net margin of 36.66%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 EPS. As a group, equities research analysts forecast that John Bean Technologies Co. will post 5.18 earnings per share for the current year.

John Bean Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend 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.