Wealth Alliance Makes New $215,000 Investment in John Bean Technologies Co. (NYSE:JBT)

Wealth Alliance acquired a new position in shares of John Bean Technologies Co. (NYSE:JBT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,268 shares of the industrial products company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. lifted its position in John Bean Technologies by 162.1% during the first 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 last quarter. CWM LLC lifted its holdings 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 acquiring an additional 172 shares during the last quarter. Lazard Asset Management LLC purchased a new position in John Bean Technologies in the first quarter worth about $61,000. Innealta Capital LLC purchased a new position in John Bean Technologies in the second quarter worth about $73,000. Finally, Jump Financial LLC bought a new stake in John Bean Technologies during the fourth quarter worth approximately $211,000. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Trading Down 1.6 %

Shares of JBT stock opened at $91.15 on Friday. The company has a market cap of $2.90 billion, a PE 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 current ratio of 2.54 and a quick ratio of 1.96. The stock’s 50 day simple moving average is $92.05 and its two-hundred day simple moving average is $94.36. 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 released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.19). The company had revenue of $402.30 million for the quarter, compared to analysts’ expectations of $432.67 million. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. Research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. John Bean Technologies’s dividend payout ratio is presently 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.