Verition Fund Management LLC Invests $1.29 Million in John Bean Technologies Co. (NYSE:JBT)

Verition Fund Management LLC purchased a new position in shares of John Bean Technologies Co. (NYSE:JBT - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,122 shares of the industrial products company's stock, valued at approximately $1,293,000.

Several other institutional investors have also recently made changes to their positions in JBT. CWM LLC boosted its stake in John Bean Technologies by 113.2% during the second quarter. CWM LLC now owns 324 shares of the industrial products company's stock worth $31,000 after buying an additional 172 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of John Bean Technologies during the 3rd quarter worth approximately $39,000. Innealta Capital LLC acquired a new stake in John Bean Technologies in the 2nd quarter valued at approximately $73,000. Kimelman & Baird LLC purchased a new stake in John Bean Technologies in the second quarter valued at approximately $85,000. Finally, KBC Group NV lifted its stake in John Bean Technologies by 31.5% during the third quarter. KBC Group NV now owns 1,014 shares of the industrial products company's stock worth $100,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company's stock.

John Bean Technologies Trading Up 0.5 %

Shares of JBT traded up $0.67 during midday trading on Friday, hitting $122.82. 324,883 shares of the stock were exchanged, compared to its average volume of 379,776. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.00 and a current ratio of 2.55. The firm has a market cap of $3.91 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.72 and a beta of 1.24. John Bean Technologies Co. has a 52-week low of $82.64 and a 52-week high of $127.31. The stock has a fifty day simple moving average of $111.95 and a 200 day simple moving average of $99.81.

John Bean Technologies (NYSE:JBT - Get Free Report) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share for the quarter, beating 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 10.16% and a net margin of 10.25%. John Bean Technologies's revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.11 EPS. On average, research analysts anticipate that John Bean Technologies Co. will post 5.23 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 0.33%. John Bean Technologies's dividend 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.