John Bean Technologies (NYSE:JBT) Sees Unusually-High Trading Volume

John Bean Technologies Co. (NYSE:JBT) shares saw unusually-strong trading volume on Thursday . Approximately 185,315 shares were traded during trading, a decline of 29% from the previous session’s volume of 261,238 shares.The stock last traded at $98.51 and had previously closed at $98.38.

Wall Street Analyst Weigh In

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

John Bean Technologies Stock Down 2.3 %

The business’s fifty day moving average is $95.98 and its two-hundred day moving average is $97.10. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 5.21, a PEG ratio of 1.47 and a beta of 1.27. The company has a quick ratio of 1.83, a current ratio of 2.37 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last announced 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 company had revenue of $402.30 million for the quarter, compared to analyst estimates of $432.67 million. John Bean Technologies had a return on equity of 9.79% and a net margin of 36.66%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 earnings per share. Equities analysts forecast that John Bean Technologies Co. will post 5.19 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Wednesday, May 22nd. John Bean Technologies’s dividend payout ratio (DPR) is 2.13%.

Institutional Investors Weigh In On John Bean Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted its holdings in shares of John Bean Technologies by 162.1% in the first quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 154 shares during the period. CWM LLC increased its stake in John Bean Technologies by 113.2% in the second quarter. CWM LLC now owns 324 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 172 shares during the period. Wrapmanager Inc. increased its stake in John Bean Technologies by 5.4% in the fourth quarter. Wrapmanager Inc. now owns 3,515 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 180 shares during the period. Diversified Trust Co raised its holdings in shares of John Bean Technologies by 1.4% in the second quarter. Diversified Trust Co now owns 13,400 shares of the industrial products company’s stock valued at $1,273,000 after buying an additional 184 shares during the last quarter. Finally, QRG Capital Management Inc. grew 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 worth $264,000 after buying an additional 197 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

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.