Cwm LLC Purchases 172 Shares of John Bean Technologies Co. (NYSE:JBT)

Cwm LLC lifted its position in shares of John Bean Technologies Co. (NYSE:JBT) by 113.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 324 shares of the industrial products company’s stock after purchasing an additional 172 shares during the quarter. Cwm LLC’s holdings in John Bean Technologies were worth $31,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of John Bean Technologies by 162.1% during the first quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of John Bean Technologies during the first quarter worth $61,000. Jump Financial LLC bought a new stake in John Bean Technologies in the 4th quarter valued at $211,000. Envestnet Portfolio Solutions Inc. bought a new stake in John Bean Technologies in the 1st quarter valued at $238,000. Finally, QRG Capital Management Inc. lifted its position in John Bean Technologies by 8.0% in the 4th quarter. QRG Capital Management Inc. now owns 2,651 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 197 shares in the last quarter. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Trading Up 0.0 %

JBT opened at $88.65 on Thursday. The stock has a market capitalization of $2.82 billion, a P/E ratio of 4.73, a P/E/G ratio of 1.46 and a beta of 1.27. John Bean Technologies Co. has a 12 month low of $86.89 and a 12 month high of $112.08. The firm’s fifty day simple moving average is $94.72 and its 200 day simple moving average is $96.22. The company has a current ratio of 2.54, a quick ratio of 1.83 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.05 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $432.67 million. During the same period in the prior year, the firm posted $0.97 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. As a group, research analysts anticipate that John Bean Technologies Co. will post 5.18 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be paid a $0.10 dividend. The ex-dividend date is Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 0.45%. John Bean Technologies’s payout ratio is currently 2.13%.

Analyst Ratings Changes

Separately, William Blair reaffirmed a “market perform” rating on shares of John Bean Technologies in a research report on Thursday, May 2nd.

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.