Inspire Investing LLC Acquires 218 Shares of John Bean Technologies Co. (NYSE:JBT)

Inspire Investing LLC boosted its position in shares of John Bean Technologies Co. (NYSE:JBT) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,648 shares of the industrial products company’s stock after acquiring an additional 218 shares during the period. Inspire Investing LLC’s holdings in John Bean Technologies were worth $346,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in John Bean Technologies in the 4th quarter valued at $35,164,000. P2 Capital Partners LLC grew its position in shares of John Bean Technologies by 39.0% during the 4th quarter. P2 Capital Partners LLC now owns 556,442 shares of the industrial products company’s stock worth $55,338,000 after buying an additional 156,241 shares during the period. Bamco Inc. NY grew its holdings 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 acquiring an additional 125,000 shares during the period. Champlain Investment Partners LLC increased its stake in shares of John Bean Technologies by 7.8% in the 1st quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company’s stock valued at $162,072,000 after acquiring an additional 112,035 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in John Bean Technologies by 91.0% in the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock worth $17,866,000 after purchasing an additional 89,604 shares during the period. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Stock Up 2.0 %

Shares of JBT stock opened at $93.83 on Wednesday. The firm has a fifty day moving average of $91.87 and a 200-day moving average of $94.15. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $109.91. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 5.01, a P/E/G ratio of 1.20 and a beta of 1.24. 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 released 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 business had revenue of $402.30 million during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.97 earnings per share. As a group, equities research analysts predict that John Bean Technologies Co. will post 5.18 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. John Bean Technologies’s payout ratio 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.