Deerfield Management Company L.P. Series C Invests $428,000 in John Bean Technologies Co. (NYSE:JBT)

Deerfield Management Company L.P. Series C bought a new stake in John Bean Technologies Co. (NYSE:JBT) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,502 shares of the industrial products company’s stock, valued at approximately $428,000.

A number of other institutional investors have also bought and sold shares of JBT. Quadrature Capital Ltd lifted its stake in shares of John Bean Technologies by 330.2% in the 4th quarter. Quadrature Capital Ltd now owns 27,145 shares of the industrial products company’s stock valued at $2,705,000 after purchasing an additional 20,835 shares during the period. SG Americas Securities LLC lifted its stake in John Bean Technologies by 192.5% in the second quarter. SG Americas Securities LLC now owns 8,911 shares of the industrial products company’s stock valued at $846,000 after buying an additional 5,865 shares during the period. UniSuper Management Pty Ltd bought a new position in shares of John Bean Technologies during the 1st quarter worth approximately $685,000. Homestead Advisers Corp grew its position in shares of John Bean Technologies by 31.6% during the 1st quarter. Homestead Advisers Corp now owns 34,600 shares of the industrial products company’s stock worth $3,629,000 after buying an additional 8,300 shares during the period. Finally, P2 Capital Partners LLC increased its stake in shares of John Bean Technologies by 39.0% in the 4th quarter. P2 Capital Partners LLC now owns 556,442 shares of the industrial products company’s stock valued at $55,338,000 after acquiring an additional 156,241 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Up 0.5 %

Shares of NYSE JBT opened at $97.82 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.54 and a debt-to-equity ratio of 0.43. The firm has a market cap of $3.11 billion, a PE ratio of 5.22, a P/E/G ratio of 1.29 and a beta of 1.24. The company’s fifty day simple moving average is $91.59 and its 200 day simple moving average is $94.14. John Bean Technologies Co. has a 12-month low of $82.64 and a 12-month high of $109.91.

John Bean Technologies (NYSE:JBT) last issued its earnings results 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 firm had revenue of $402.30 million during the quarter, compared to analyst estimates of $432.67 million. During the same quarter in the prior year, the business earned $0.97 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts forecast that John Bean Technologies Co. will post 5.18 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date 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.