MQS Management LLC Has $202,000 Stake in John Bean Technologies Co. (NYSE:JBT)

MQS Management LLC trimmed its stake in shares of John Bean Technologies Co. (NYSE:JBT) by 63.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,928 shares of the industrial products company’s stock after selling 3,348 shares during the period. MQS Management LLC’s holdings in John Bean Technologies were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of John Bean Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 3,524,626 shares of the industrial products company’s stock worth $369,698,000 after acquiring an additional 31,798 shares during the period. Champlain Investment Partners LLC raised its holdings in shares of 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 acquiring an additional 112,035 shares during the period. Conestoga Capital Advisors LLC raised its holdings in shares of John Bean Technologies by 0.7% during the first quarter. Conestoga Capital Advisors LLC now owns 926,553 shares of the industrial products company’s stock worth $97,186,000 after acquiring an additional 6,272 shares during the period. Victory Capital Management Inc. raised its holdings in shares of John Bean Technologies by 6.2% during the fourth quarter. Victory Capital Management Inc. now owns 878,152 shares of the industrial products company’s stock worth $87,332,000 after acquiring an additional 51,608 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of John Bean Technologies by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 728,649 shares of the industrial products company’s stock worth $72,467,000 after acquiring an additional 40,366 shares during the period. 98.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, William Blair reiterated a “market perform” rating on shares of John Bean Technologies in a research note on Thursday, May 2nd.

John Bean Technologies Stock Down 0.6 %

JBT stock traded down $0.60 during midday trading on Thursday, hitting $98.75. The company’s stock had a trading volume of 336,864 shares, compared to its average volume of 258,653. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.37 and a quick ratio of 1.83. John Bean Technologies Co. has a twelve month low of $88.03 and a twelve month high of $123.82. The company’s fifty day moving average price is $95.53 and its 200 day moving average price is $96.92. The stock has a market capitalization of $3.14 billion, a P/E ratio of 5.30, a PEG ratio of 1.57 and a beta of 1.27.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm had revenue of $392.30 million for the quarter, compared to analyst estimates of $396.55 million. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 EPS. As a group, equities research analysts predict that John Bean Technologies Co. will post 5.15 EPS for the current year.

John Bean Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. 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.