6,887 Shares in John Bean Technologies Co. (NYSE:JBT) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new position in John Bean Technologies Co. (NYSE:JBT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,887 shares of the industrial products company’s stock, valued at approximately $654,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JBT. Arizona State Retirement System increased its position in shares of John Bean Technologies by 1.7% in the second quarter. Arizona State Retirement System now owns 8,900 shares of the industrial products company’s stock worth $845,000 after purchasing an additional 150 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of 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 valued at $26,000 after purchasing an additional 154 shares during the last quarter. CWM LLC grew its stake in shares of John Bean Technologies by 113.2% during the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after buying an additional 172 shares during the last quarter. Diversified Trust Co increased its stake in John Bean Technologies by 1.4% in the 2nd quarter. Diversified Trust Co now owns 13,400 shares of the industrial products company’s stock worth $1,273,000 after purchasing an additional 184 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of John Bean Technologies by 8.0% during the fourth quarter. QRG Capital Management Inc. now owns 2,651 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Performance

Shares of JBT stock opened at $89.64 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 stock has a fifty day moving average of $92.15 and a 200 day moving average of $94.81. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 4.78, a PEG ratio of 1.20 and a beta of 1.24. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $111.43.

John Bean Technologies (NYSE:JBT) last released its 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). 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 during the quarter, compared to analysts’ expectations of $432.67 million. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. John Bean Technologies’s payout ratio is presently 2.13%.

About John Bean Technologies

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.