John Bean Technologies Co. (NYSE:JBT) Sees Large Increase in Short Interest

John Bean Technologies Co. (NYSE:JBT) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,670,000 shares, a growth of 5.7% from the August 15th total of 1,580,000 shares. Currently, 5.3% of the company’s stock are sold short. Based on an average daily trading volume, of 303,200 shares, the days-to-cover ratio is presently 5.5 days.

John Bean Technologies Stock Up 0.9 %

Shares of John Bean Technologies stock traded up $0.85 during trading on Tuesday, reaching $90.57. The company had a trading volume of 210,064 shares, compared to its average volume of 256,898. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 4.83, a price-to-earnings-growth ratio of 1.20 and a beta of 1.24. The firm’s fifty day moving average is $92.09 and its 200-day moving average is $94.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. John Bean Technologies has a fifty-two week low of $82.64 and a fifty-two week high of $110.02.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.19). The company had revenue of $402.30 million during the quarter, compared to analyst estimates of $432.67 million. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. On average, analysts anticipate that John Bean Technologies will post 5.18 EPS for the current year.

John Bean Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.13%.

Institutional Investors Weigh In On John Bean Technologies

Institutional investors have recently modified their holdings of the stock. UMB Bank n.a. raised its stake in shares of John Bean Technologies by 162.1% in the 1st quarter. UMB Bank n.a. now owns 249 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. CWM LLC grew its position 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 valued at $31,000 after buying an additional 172 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of John Bean Technologies during the 1st quarter valued at about $61,000. Innealta Capital LLC bought a new stake in shares of John Bean Technologies during the 2nd quarter valued at about $73,000. Finally, Kimelman & Baird LLC bought a new stake in shares of John Bean Technologies during the 2nd quarter valued at about $85,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

About John Bean Technologies

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.