SG Americas Securities LLC Decreases Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

SG Americas Securities LLC decreased its holdings in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 79.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,829 shares of the industrial products company's stock after selling 7,082 shares during the period. SG Americas Securities LLC's holdings in John Bean Technologies were worth $180,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. CWM LLC grew its position in 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 last quarter. Lazard Asset Management LLC bought a new position in shares of John Bean Technologies in the 1st quarter worth approximately $61,000. Innealta Capital LLC purchased a new stake in John Bean Technologies during the 2nd quarter valued at $73,000. Kimelman & Baird LLC bought a new position in shares of John Bean Technologies in the second quarter worth about $85,000. Finally, Benjamin Edwards Inc. bought a new position in shares of John Bean Technologies during the 2nd quarter valued at approximately $188,000. Institutional investors own 98.92% of the company's stock.

John Bean Technologies Stock Performance

Shares of NYSE JBT traded up $5.87 during midday trading on Thursday, reaching $118.02. The company had a trading volume of 882,188 shares, compared to its average volume of 267,507. The stock has a market cap of $3.76 billion, a P/E ratio of 5.98, a P/E/G ratio of 1.35 and a beta of 1.25. John Bean Technologies Co. has a 1 year low of $82.64 and a 1 year high of $118.27. The business's 50-day simple moving average is $93.19 and its 200 day simple moving average is $93.77. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The company had revenue of $453.80 million during the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. John Bean Technologies's revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 earnings per share. On average, analysts forecast that John Bean Technologies Co. will post 5.18 earnings per share 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 dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 0.34%. John Bean Technologies's dividend payout ratio is currently 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.