Bank of Montreal Can Trims Holdings in John Bean Technologies Co. (NYSE:JBT)

Bank of Montreal Can lowered its stake in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 19.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 29,397 shares of the industrial products company's stock after selling 7,200 shares during the period. Bank of Montreal Can owned approximately 0.09% of John Bean Technologies worth $2,876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JBT. SG Americas Securities LLC grew its stake in shares of John Bean Technologies by 192.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,911 shares of the industrial products company's stock worth $846,000 after acquiring an additional 5,865 shares in the last quarter. Pathstone Holdings LLC increased its stake in John Bean Technologies by 21.5% in the 3rd quarter. Pathstone Holdings LLC now owns 24,445 shares of the industrial products company's stock valued at $2,408,000 after buying an additional 4,325 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in John Bean Technologies by 37.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 236,865 shares of the industrial products company's stock valued at $22,495,000 after buying an additional 64,280 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of John Bean Technologies by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 393,382 shares of the industrial products company's stock worth $38,752,000 after buying an additional 11,474 shares during the last quarter. Finally, Susquehanna International Group Ltd. bought a new position in shares of John Bean Technologies in the second quarter valued at approximately $945,000. 98.92% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Stock Performance

Shares of JBT traded down $1.84 on Thursday, reaching $122.15. 213,516 shares of the company's stock traded hands, compared to its average volume of 282,398. The stock's 50 day simple moving average is $110.96 and its two-hundred day simple moving average is $99.41. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41. John Bean Technologies Co. has a 52-week low of $82.64 and a 52-week high of $127.31. The stock has a market cap of $3.89 billion, a PE ratio of 22.99, a PEG ratio of 1.72 and a beta of 1.24.

John Bean Technologies (NYSE:JBT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.09. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The business had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. During the same quarter last year, the company posted $1.11 earnings per share. The firm's quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts forecast that John Bean Technologies Co. will post 5.23 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Friday, December 13th. John Bean Technologies's dividend payout ratio (DPR) is currently 7.42%.

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.