1,980 Shares in John Bean Technologies Co. (NYSE:JBT) Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. bought a new stake in John Bean Technologies Co. (NYSE:JBT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,980 shares of the industrial products company’s stock, valued at approximately $188,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of John Bean Technologies in the fourth quarter worth approximately $35,164,000. P2 Capital Partners LLC increased its stake in shares of John Bean Technologies by 39.0% in the 4th quarter. P2 Capital Partners LLC now owns 556,442 shares of the industrial products company’s stock worth $55,338,000 after purchasing an additional 156,241 shares in the last quarter. Bamco Inc. NY raised its holdings in John Bean Technologies by 23.8% in the 1st quarter. Bamco Inc. NY now owns 650,000 shares of the industrial products company’s stock worth $68,178,000 after purchasing an additional 125,000 shares during the period. Champlain Investment Partners LLC lifted its position in John Bean Technologies by 7.8% during 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 purchasing an additional 112,035 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in John Bean Technologies by 91.0% during the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock valued at $17,866,000 after purchasing an additional 89,604 shares during the period. 98.92% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Stock Down 1.6 %

NYSE JBT opened at $91.20 on Friday. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $109.91. 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 company has a market capitalization of $2.90 billion, a P/E ratio of 4.87, a price-to-earnings-growth ratio of 1.20 and a beta of 1.24. The stock’s 50-day moving average price is $92.05 and its 200-day moving average price is $94.33.

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 for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.19). The firm had revenue of $402.30 million during the quarter, compared to the consensus estimate of $432.67 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 earnings per share. On average, equities research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. John Bean Technologies’s dividend payout ratio is currently 2.13%.

John Bean Technologies Company 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.