John Bean Technologies (NYSE:JBT) Shares Down 3.8% - Here's What Happened

John Bean Technologies Co. (NYSE:JBT - Get Free Report) traded down 3.8% during trading on Friday . The stock traded as low as $113.59 and last traded at $113.59. 138,999 shares traded hands during trading, a decline of 48% from the average session volume of 266,805 shares. The stock had previously closed at $118.02.

John Bean Technologies Price Performance

The business has a fifty day moving average of $93.77 and a two-hundred day moving average of $93.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

John Bean Technologies (NYSE:JBT - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.30%. The company's quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 earnings per share. As a group, research analysts predict that John Bean Technologies Co. will post 5.18 EPS for the current fiscal year.

John Bean Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Monday, August 19th. John Bean Technologies's dividend payout ratio is 7.42%.

Hedge Funds Weigh In On John Bean Technologies

A number of hedge funds have recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of John Bean Technologies by 113.2% during the 2nd quarter. CWM LLC now owns 324 shares of the industrial products company's stock worth $31,000 after acquiring an additional 172 shares during the period. Lazard Asset Management LLC acquired a new stake in John Bean Technologies in the first quarter valued at about $61,000. Innealta Capital LLC bought a new position in John Bean Technologies in the second quarter valued at about $73,000. Kimelman & Baird LLC acquired a new position in John Bean Technologies during the second quarter worth about $85,000. Finally, nVerses Capital LLC acquired a new position in John Bean Technologies during the third quarter worth about $187,000. 98.92% of the stock is owned by institutional investors.

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.