MQS Management LLC Sells 3,348 Shares of John Bean Technologies Co. (NYSE:JBT)

MQS Management LLC cut its stake in shares of John Bean Technologies Co. (NYSE:JBT) by 63.5% during the 1st quarter, Holdings Channel reports. The fund 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.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. boosted its stake in John Bean Technologies by 162.1% during the first quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 154 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of John Bean Technologies in the fourth quarter valued at $143,000. Jump Financial LLC bought a new position in shares of John Bean Technologies in the fourth quarter valued at $211,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of John Bean Technologies in the first quarter valued at $238,000. Finally, QRG Capital Management Inc. lifted its stake in shares of John Bean Technologies by 8.0% in the fourth quarter. QRG Capital Management Inc. now owns 2,651 shares of the industrial products company’s stock valued at $264,000 after buying an additional 197 shares in the last quarter. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Stock Down 0.6 %

Shares of JBT stock traded down $0.60 on Thursday, hitting $98.75. The stock had a trading volume of 336,864 shares, compared to its average volume of 258,653. The business has a 50 day moving average of $95.53 and a 200 day moving average of $96.92. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 5.30, a price-to-earnings-growth ratio of 1.57 and a beta of 1.27. 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 12-month low of $88.03 and a 12-month high of $123.82.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $392.30 million during the quarter, compared to the consensus estimate of $396.55 million. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, analysts expect that John Bean Technologies Co. will post 5.15 EPS for the current year.

John Bean Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.13%.

Analysts Set New Price Targets

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

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.