John Bean Technologies (NYSE:JBT) Sets New 12-Month High – What’s Next?

John Bean Technologies Co. (NYSE:JBT)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $113.09 and last traded at $111.81, with a volume of 21857 shares trading hands. The stock had previously closed at $112.15.

John Bean Technologies Stock Down 3.1 %

The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. The firm’s 50 day moving average price is $94.26 and its two-hundred day moving average price is $94.07. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.33 and a beta of 1.25.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $453.80 million during the quarter, compared to analysts’ expectations of $442.20 million. John Bean Technologies had a return on equity of 10.30% and a net margin of 10.25%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. 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 disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders 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 dividend on an annualized basis and a yield of 0.35%. John Bean Technologies’s payout ratio is currently 7.42%.

Institutional Trading of John Bean Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in John Bean Technologies by 57.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock valued at $121,507,000 after purchasing an additional 466,846 shares during the period. Bamco Inc. NY boosted its stake in shares of John Bean Technologies by 23.8% in the first quarter. Bamco Inc. NY now owns 650,000 shares of the industrial products company’s stock valued at $68,178,000 after buying an additional 125,000 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of John Bean Technologies by 7.8% in the first quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company’s stock valued at $162,072,000 after buying an additional 112,035 shares in the last quarter. Envestnet Asset Management Inc. grew 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 acquiring an additional 89,604 shares during the period. Finally, Natixis Advisors LLC raised its position in John Bean Technologies by 69.4% in the second quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company’s stock worth $19,912,000 after acquiring an additional 85,910 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

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.