Oppenheimer Asset Management Inc. Sells 1,419 Shares of John Bean Technologies Co. (NYSE:JBT)

Oppenheimer Asset Management Inc. lessened its position in John Bean Technologies Co. (NYSE:JBT) by 32.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,894 shares of the industrial products company’s stock after selling 1,419 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in John Bean Technologies were worth $275,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of John Bean Technologies by 162.1% in the 1st quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC lifted its holdings in shares of John Bean Technologies by 113.2% in the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 172 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of John Bean Technologies in the 1st quarter worth about $61,000. Innealta Capital LLC bought a new stake in John Bean Technologies during the 2nd quarter valued at about $73,000. Finally, Jump Financial LLC bought a new stake in John Bean Technologies during the 4th quarter valued at about $211,000. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Trading Down 1.6 %

Shares of JBT opened at $91.20 on Friday. John Bean Technologies Co. has a 1-year low of $82.64 and a 1-year high of $109.91. The company has a 50-day moving average of $92.05 and a 200 day moving average of $94.33. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 1.20 and a beta of 1.24. 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 (NYSE:JBT) last announced its quarterly earnings data 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 company had revenue of $402.30 million for the quarter, compared to the consensus estimate of $432.67 million. During the same quarter in the previous year, the business earned $0.97 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, research analysts expect that John Bean Technologies Co. will post 5.18 EPS for the current year.

John Bean Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, August 19th. John Bean Technologies’s dividend payout ratio (DPR) is 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.