John Bean Technologies (NYSE:JBT) Hits New 12-Month Low at $86.64

John Bean Technologies Co. (NYSE:JBT) hit a new 52-week low during trading on Tuesday . The company traded as low as $86.64 and last traded at $87.00, with a volume of 60138 shares changing hands. The stock had previously closed at $89.84.

John Bean Technologies Trading Down 1.0 %

The stock has a market cap of $2.81 billion, a PE ratio of 4.72, a price-to-earnings-growth ratio of 1.26 and a beta of 1.27. The stock has a 50-day moving average of $92.67 and a 200 day moving average of $95.29. The company has a quick ratio of 1.96, a current ratio of 2.54 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last announced its earnings results 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 business had revenue of $402.30 million for the quarter, compared to analyst estimates of $432.67 million. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s payout ratio is currently 2.13%.

Institutional Trading of John Bean Technologies

Large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in John Bean Technologies by 162.1% in the 1st 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 in the last quarter. CWM LLC grew its holdings 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 during the 1st quarter worth $61,000. Innealta Capital LLC purchased a new position in shares of John Bean Technologies during the 2nd quarter worth $73,000. Finally, Kimelman & Baird LLC purchased a new position in shares of John Bean Technologies during the 2nd quarter worth $85,000. 98.92% of the stock is currently owned by hedge funds and other institutional investors.

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.