Susquehanna Fundamental Investments LLC Invests $1.51 Million in John Bean Technologies Co. (NYSE:JBT)

Susquehanna Fundamental Investments LLC bought a new position in John Bean Technologies Co. (NYSE:JBT) during the second quarter, Holdings Channel.com reports. The fund bought 15,926 shares of the industrial products company’s stock, valued at approximately $1,512,000.

A number of other institutional investors have also modified their holdings of the stock. Quadrature Capital Ltd grew its stake in John Bean Technologies by 330.2% in the fourth quarter. Quadrature Capital Ltd now owns 27,145 shares of the industrial products company’s stock worth $2,705,000 after purchasing an additional 20,835 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of John Bean Technologies by 192.5% during 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 stake in shares of John Bean Technologies in the first quarter valued at about $685,000. Homestead Advisers Corp lifted its stake in John Bean Technologies by 31.6% in the first quarter. Homestead Advisers Corp now owns 34,600 shares of the industrial products company’s stock worth $3,629,000 after acquiring an additional 8,300 shares during the period. Finally, P2 Capital Partners LLC grew its holdings in John Bean Technologies by 39.0% during the 4th quarter. P2 Capital Partners LLC now owns 556,442 shares of the industrial products company’s stock worth $55,338,000 after acquiring an additional 156,241 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Trading Up 0.7 %

NYSE JBT opened at $99.24 on Wednesday. The company’s 50-day simple moving average is $91.47 and its two-hundred day simple moving average is $93.97. 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 capitalization of $3.16 billion, a price-to-earnings ratio of 5.30, a price-to-earnings-growth ratio of 1.29 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.05 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 return on equity of 9.67% and a net margin of 36.66%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. Equities analysts forecast that John Bean Technologies Co. will post 5.18 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The business 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s 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.