XTX Topco Ltd Invests $457,000 in John Bean Technologies Co. (NYSE:JBT)

XTX Topco Ltd acquired a new stake in shares of John Bean Technologies Co. (NYSE:JBT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,815 shares of the industrial products company’s stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of John Bean Technologies by 162.1% in the first quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock valued at $26,000 after buying an additional 154 shares during the period. CWM LLC raised its holdings in John Bean Technologies by 113.2% during the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company’s stock worth $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 approximately $61,000. Innealta Capital LLC bought a new stake in shares of John Bean Technologies in the 2nd quarter valued at $73,000. Finally, Jump Financial LLC acquired a new stake in shares of John Bean Technologies during the fourth quarter worth $211,000. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Trading Up 2.0 %

NYSE:JBT opened at $93.83 on Wednesday. The firm has a fifty day simple moving average of $91.87 and a two-hundred day simple moving average of $94.15. John Bean Technologies Co. has a 12 month low of $82.64 and a 12 month high of $109.91. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 5.01, a PEG ratio of 1.20 and a beta of 1.24. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.05 EPS 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 quarter last year, the firm posted $0.97 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. Analysts expect that John Bean Technologies Co. will post 5.18 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently declared 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 yield of 0.43%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s 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.