Algert Global LLC Invests $304,000 in John Bean Technologies Co. (NYSE:JBT)

Algert Global LLC bought a new stake in shares of John Bean Technologies Co. (NYSE:JBT) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 3,202 shares of the industrial products company’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of 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 period. CWM LLC increased its stake in John Bean Technologies by 113.2% during the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after buying an additional 172 shares during the period. Lazard Asset Management LLC acquired a new position in John Bean Technologies in the 1st quarter worth $61,000. Innealta Capital LLC purchased a new position in John Bean Technologies in the 2nd quarter valued at about $73,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of John Bean Technologies during the second quarter valued at about $188,000. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Trading Down 1.2 %

NYSE:JBT opened at $98.73 on Wednesday. John Bean Technologies Co. has a one year low of $82.64 and a one year high of $109.91. The business’s 50-day simple moving average is $91.47 and its 200 day simple moving average is $93.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 1.29 and a beta of 1.25.

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). The business 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. As a group, sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 was Monday, August 19th. John Bean Technologies’s dividend payout ratio is currently 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.