John Bean Technologies Co. (NYSE:JBT) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in John Bean Technologies Co. (NYSE:JBT) by 8.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,001 shares of the industrial products company’s stock after selling 570 shares during the period. Vontobel Holding Ltd.’s holdings in John Bean Technologies were worth $591,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CWM LLC grew its holdings in shares of John Bean Technologies by 113.2% during the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 172 shares during the last quarter. Lazard Asset Management LLC bought a new position in John Bean Technologies during the 1st quarter worth $61,000. Innealta Capital LLC acquired a new stake in John Bean Technologies in the second quarter worth $73,000. Kimelman & Baird LLC bought a new stake in John Bean Technologies in the second quarter valued at $85,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of John Bean Technologies during the second quarter valued at $188,000. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Down 0.9 %

JBT stock 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. The firm’s 50-day simple moving average is $92.57 and its 200 day simple moving average is $93.66. The stock has a market cap of $3.11 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week 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 analysts’ consensus estimates of $1.24 by ($0.19). John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The business had revenue of $402.30 million for the quarter, compared to the consensus estimate of $432.67 million. During the same period last year, the firm posted $0.97 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts predict that John Bean Technologies Co. will post 5.18 EPS for the current year.

John Bean Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, August 19th. John Bean Technologies’s dividend payout ratio 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.