John Bean Technologies Co. (NYSE:JBT) Sees Significant Increase in Short Interest

John Bean Technologies Co. (NYSE:JBT) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,670,000 shares, an increase of 5.7% from the August 15th total of 1,580,000 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average daily volume of 303,200 shares, the short-interest ratio is presently 5.5 days.

Institutional Investors Weigh In On John Bean Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of JBT. Dana Investment Advisors Inc. increased its position in shares of John Bean Technologies by 4.2% during the second quarter. Dana Investment Advisors Inc. now owns 17,960 shares of the industrial products company’s stock worth $1,706,000 after purchasing an additional 720 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in John Bean Technologies by 0.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 109,843 shares of the industrial products company’s stock worth $10,432,000 after buying an additional 758 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in John Bean Technologies in the second quarter valued at approximately $85,000. Creative Planning purchased a new stake in John Bean Technologies in the second quarter valued at approximately $711,000. Finally, Algert Global LLC purchased a new position in shares of John Bean Technologies during the second quarter worth approximately $304,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Stock Up 0.9 %

Shares of John Bean Technologies stock traded up $0.86 during trading on Wednesday, hitting $91.42. 188,012 shares of the stock were exchanged, compared to its average volume of 256,515. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 4.90, a price-to-earnings-growth ratio of 1.20 and a beta of 1.24. The firm’s 50-day moving average price is $92.13 and its 200 day moving average price is $94.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. John Bean Technologies has a 12-month low of $82.64 and a 12-month high of $109.91.

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 the consensus estimate of $1.24 by ($0.19). The business had revenue of $402.30 million for the quarter, compared to analyst estimates of $432.67 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 earnings per share. As a group, analysts forecast that John Bean Technologies will post 5.18 earnings per share for the current fiscal 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s dividend payout ratio (DPR) is 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.