Short Interest in John Bean Technologies Co. (NYSE:JBT) Decreases By 10.7%

John Bean Technologies Co. (NYSE:JBT) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 1,580,000 shares, a decline of 10.7% from the July 31st total of 1,770,000 shares. Currently, 5.0% of the company’s stock are sold short. Based on an average daily trading volume, of 307,700 shares, the short-interest ratio is currently 5.1 days.

Hedge Funds Weigh In On John Bean Technologies

Several institutional investors have recently modified their holdings of the business. UMB Bank n.a. lifted its holdings in 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 acquiring an additional 154 shares during the period. CWM LLC raised its stake in shares of 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 period. Lazard Asset Management LLC purchased a new position in shares of John Bean Technologies in the 1st quarter worth about $61,000. Innealta Capital LLC bought a new position in John Bean Technologies during the second quarter valued at about $73,000. Finally, Kimelman & Baird LLC purchased a new stake in John Bean Technologies during the second quarter worth about $85,000. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Trading Up 0.1 %

NYSE JBT opened at $89.84 on Tuesday. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $93.15 and a 200 day simple moving average of $95.50. John Bean Technologies has a 12 month low of $86.75 and a 12 month high of $112.08. The firm has a market capitalization of $2.86 billion, a P/E ratio of 4.79, a PEG ratio of 1.26 and a beta of 1.27.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $432.67 million. During the same quarter in the previous year, the company earned $0.97 EPS. The business’s revenue was down 5.9% compared to the same quarter last year. On average, analysts predict that John Bean Technologies will post 5.18 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. 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.