John Bean Technologies Co. (NYSE:JBT) Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 29.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,888 shares of the industrial products company’s stock after selling 7,724 shares during the quarter. TD Asset Management Inc owned 0.06% of John Bean Technologies worth $1,794,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. increased its position in John Bean Technologies by 162.1% during the 1st quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. CWM LLC increased its position in 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 in the last quarter. Lazard Asset Management LLC acquired a new stake in John Bean Technologies during the 1st quarter worth approximately $61,000. Innealta Capital LLC acquired a new stake in John Bean Technologies during the 2nd quarter worth approximately $73,000. Finally, Jump Financial LLC purchased a new position in John Bean Technologies in the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Stock Up 2.8 %

NYSE JBT opened at $89.64 on Friday. The stock has a market cap of $2.85 billion, a PE ratio of 4.78, a P/E/G ratio of 1.20 and a beta of 1.24. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week high of $111.43. The business has a 50 day moving average price of $92.15 and a two-hundred day moving average price of $94.81. 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 released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.19). The company had revenue of $402.30 million during the quarter, compared to analysts’ expectations of $432.67 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 EPS. As a group, sell-side analysts predict that John Bean Technologies Co. will post 5.18 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s dividend payout ratio is presently 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.