AQR Capital Management LLC Takes $1.53 Million Position in John Bean Technologies Co. (NYSE:JBT)

AQR Capital Management LLC acquired a new stake in John Bean Technologies Co. (NYSE:JBT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 16,132 shares of the industrial products company’s stock, valued at approximately $1,532,000. AQR Capital Management LLC owned about 0.05% of John Bean Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBT. Kayne Anderson Rudnick Investment Management LLC increased its holdings in John Bean Technologies by 57.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock worth $121,507,000 after buying an additional 466,846 shares during the last quarter. P2 Capital Partners LLC increased its holdings in John Bean Technologies by 39.0% during the fourth quarter. P2 Capital Partners LLC now owns 556,442 shares of the industrial products company’s stock worth $55,338,000 after buying an additional 156,241 shares during the last quarter. Bamco Inc. NY increased its holdings in John Bean Technologies by 23.8% during the first quarter. Bamco Inc. NY now owns 650,000 shares of the industrial products company’s stock worth $68,178,000 after buying an additional 125,000 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in John Bean Technologies by 7.8% during the first quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company’s stock worth $162,072,000 after buying an additional 112,035 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in John Bean Technologies by 91.0% during the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock worth $17,866,000 after buying an additional 89,604 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Price Performance

NYSE:JBT opened at $94.76 on Friday. John Bean Technologies Co. has a one year low of $82.64 and a one year high of $109.91. The company has a market cap of $3.02 billion, a P/E ratio of 5.06, a P/E/G ratio of 1.29 and a beta of 1.25. The firm’s fifty day moving average price is $91.42 and its two-hundred day moving average price is $93.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.19). The business had revenue of $402.30 million during the quarter, compared to the consensus estimate of $432.67 million. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. Equities analysts expect that John Bean Technologies Co. will post 5.18 earnings per share for the current year.

John Bean Technologies Dividend Announcement

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 dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 0.42%. John Bean Technologies’s dividend payout ratio is 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.