Bleakley Financial Group LLC Cuts Stock Position in John Bean Technologies Co. (NYSE:JBT)

Bleakley Financial Group LLC decreased its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,599 shares of the industrial products company’s stock after selling 136 shares during the period. Bleakley Financial Group LLC’s holdings in John Bean Technologies were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JBT. Arizona State Retirement System increased its stake in shares of John Bean Technologies by 1.7% during the second quarter. Arizona State Retirement System now owns 8,900 shares of the industrial products company’s stock worth $845,000 after purchasing an additional 150 shares in the last quarter. CWM LLC grew its stake in shares of John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 172 shares in the last quarter. Diversified Trust Co grew its stake in John Bean Technologies by 1.4% during the 2nd quarter. Diversified Trust Co now owns 13,400 shares of the industrial products company’s stock worth $1,273,000 after purchasing an additional 184 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of John Bean Technologies by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the industrial products company’s stock worth $1,520,000 after buying an additional 200 shares during the period. Finally, Inspire Investing LLC increased its position in shares of John Bean Technologies by 6.4% in the 2nd quarter. Inspire Investing LLC now owns 3,648 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Performance

Shares of JBT opened at $97.75 on Tuesday. 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 market capitalization of $3.11 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. The stock has a 50 day moving average price of $92.57 and a 200 day moving average price of $93.66.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings data 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). John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The business had revenue of $402.30 million during the quarter, compared to analysts’ expectations of $432.67 million. During the same quarter in the prior year, the firm earned $0.97 earnings per share. John Bean Technologies’s quarterly revenue was down 5.9% on a year-over-year basis. Research analysts predict that John Bean Technologies Co. will post 5.18 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The company 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 dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s dividend payout ratio (DPR) 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.