John Bean Technologies Co. (NYSE:JBT) Position Increased by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its holdings in John Bean Technologies Co. (NYSE:JBT) by 8.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 74,269 shares of the industrial products company’s stock after buying an additional 6,050 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.23% of John Bean Technologies worth $7,053,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Teacher Retirement System of Texas lifted its holdings in John Bean Technologies by 65.9% in the fourth quarter. Teacher Retirement System of Texas now owns 4,080 shares of the industrial products company’s stock worth $406,000 after acquiring an additional 1,620 shares during the last quarter. Jump Financial LLC bought a new stake in shares of John Bean Technologies in the 4th quarter worth approximately $211,000. Dimensional Fund Advisors LP boosted its position in John Bean Technologies by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 728,649 shares of the industrial products company’s stock valued at $72,467,000 after purchasing an additional 40,366 shares during the period. Norges Bank bought a new position in John Bean Technologies during the 4th quarter worth $35,164,000. Finally, Corient Private Wealth LLC increased its position in John Bean Technologies by 5.5% in the fourth quarter. Corient Private Wealth LLC now owns 20,732 shares of the industrial products company’s stock worth $2,062,000 after buying an additional 1,074 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Stock Performance

Shares of JBT opened at $91.15 on Friday. The firm has a fifty day moving average of $92.05 and a 200-day moving average of $94.36. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 4.86, a price-to-earnings-growth ratio of 1.20 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. John Bean Technologies Co. has a 1 year low of $82.64 and a 1 year high of $109.91.

John Bean Technologies (NYSE:JBT) last posted its earnings results 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). John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The firm had revenue of $402.30 million for the quarter, compared to analyst estimates of $432.67 million. During the same period in the previous year, the firm earned $0.97 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, August 19th. 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.