Creative Planning Acquires New Holdings in John Bean Technologies Co. (NYSE:JBT)

Creative Planning purchased a new position in John Bean Technologies Co. (NYSE:JBT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,486 shares of the industrial products company’s stock, valued at approximately $711,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its position in John Bean Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 3,524,626 shares of the industrial products company’s stock worth $369,698,000 after purchasing an additional 31,798 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of John Bean Technologies by 7.8% in the first quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company’s stock valued at $162,072,000 after buying an additional 112,035 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in John Bean Technologies by 57.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock valued at $121,507,000 after purchasing an additional 466,846 shares during the period. Conestoga Capital Advisors LLC grew its holdings in John Bean Technologies by 2.7% in the second quarter. Conestoga Capital Advisors LLC now owns 951,534 shares of the industrial products company’s stock valued at $90,367,000 after purchasing an additional 24,981 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in John Bean Technologies by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 778,178 shares of the industrial products company’s stock valued at $73,908,000 after purchasing an additional 19,549 shares during the period. 98.92% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Price Performance

JBT opened at $96.24 on Friday. 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 Co. has a 52-week low of $82.64 and a 52-week high of $109.91. The company has a 50 day moving average of $91.47 and a two-hundred day moving average of $93.87. The company has a market cap of $3.06 billion, a P/E ratio of 5.14, a P/E/G ratio of 1.35 and a beta of 1.25.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.19). The company 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 company’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 earnings per share. On average, analysts expect that John Bean Technologies Co. will post 5.18 earnings per share for the current year.

John Bean Technologies Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. John Bean Technologies’s dividend payout ratio is presently 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.