Wrapmanager Inc. Has $316,000 Holdings in John Bean Technologies Co. (NYSE:JBT)

Wrapmanager Inc. lessened its holdings in John Bean Technologies Co. (NYSE:JBT) by 13.4% during the 2nd quarter, Holdings Channel reports. The firm owned 3,331 shares of the industrial products company’s stock after selling 515 shares during the period. Wrapmanager Inc.’s holdings in John Bean Technologies were worth $316,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JBT. UMB Bank n.a. boosted its stake in 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 acquiring an additional 154 shares during the last quarter. CWM LLC lifted its stake 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 valued at $31,000 after purchasing an additional 172 shares during the period. Lazard Asset Management LLC bought a new position in shares of John Bean Technologies in the 1st quarter worth $61,000. Innealta Capital LLC acquired a new stake in shares of John Bean Technologies during the second quarter worth $73,000. Finally, Jump Financial LLC acquired a new stake in shares of John Bean Technologies during the fourth quarter worth $211,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Trading Up 2.7 %

NYSE:JBT opened at $89.62 on Friday. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 4.78, a PEG ratio of 1.20 and a beta of 1.24. John Bean Technologies Co. has a 1-year low of $82.64 and a 1-year high of $111.43. The business’s 50-day moving average price is $92.13 and its two-hundred day moving average price is $94.72. 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 released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.19). John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The firm had revenue of $402.30 million for the quarter, compared to the consensus estimate of $432.67 million. During the same period in the previous year, the business earned $0.97 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, equities analysts expect that John Bean Technologies Co. will post 5.18 earnings per share for the current year.

John Bean Technologies Announces Dividend

The company also recently disclosed 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 0.45%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s dividend payout ratio is currently 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.