John Bean Technologies Co. (NYSE:JBT) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd cut its holdings in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) by 64.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,418 shares of the industrial products company's stock after selling 6,091 shares during the quarter. Quadrature Capital Ltd's holdings in John Bean Technologies were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new position in shares of John Bean Technologies during the 3rd quarter valued at approximately $186,000. NFJ Investment Group LLC purchased a new position in shares of John Bean Technologies during the 3rd quarter valued at approximately $12,151,000. Holocene Advisors LP increased its holdings in shares of John Bean Technologies by 4.5% during the 3rd quarter. Holocene Advisors LP now owns 33,111 shares of the industrial products company's stock valued at $3,262,000 after purchasing an additional 1,420 shares in the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in shares of John Bean Technologies during the 3rd quarter valued at approximately $29,385,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of John Bean Technologies by 111.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 4,191 shares of the industrial products company's stock valued at $413,000 after purchasing an additional 2,211 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Stock Performance

Shares of NYSE:JBT traded up $2.56 during trading on Tuesday, hitting $125.94. 406,417 shares of the stock traded hands, compared to its average volume of 284,125. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.71 and a beta of 1.24. The company has a fifty day moving average price of $112.45 and a two-hundred day moving average price of $100.07. The company has a quick ratio of 2.00, a current ratio of 2.55 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.

John Bean Technologies (NYSE:JBT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS 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 analyst estimates of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The firm's revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. As a group, equities analysts predict that John Bean Technologies Co. will post 5.23 EPS for the current year.

John Bean Technologies Dividend Announcement

The business also recently declared 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 0.32%. The ex-dividend date is Friday, December 13th. John Bean Technologies's payout ratio is presently 7.42%.

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.