Verition Fund Management LLC Buys Shares of 13,122 John Bean Technologies Co. (NYSE:JBT)

Verition Fund Management LLC acquired a new position in shares of John Bean Technologies Co. (NYSE:JBT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,122 shares of the industrial products company’s stock, valued at approximately $1,293,000.

Several other large investors also recently made changes to their positions in the stock. HBK Investments L P increased its position in shares of John Bean Technologies by 638.5% during the third quarter. HBK Investments L P now owns 31,343 shares of the industrial products company’s stock worth $3,088,000 after acquiring an additional 27,099 shares in the last quarter. Walleye Capital LLC bought a new position in John Bean Technologies in the third quarter valued at $2,955,000. PEAK6 Investments LLC bought a new position in John Bean Technologies in the third quarter valued at $356,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in John Bean Technologies by 170.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock valued at $82,964,000 after purchasing an additional 531,298 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in John Bean Technologies in the third quarter valued at $550,000. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Stock Up 0.5 %

John Bean Technologies stock opened at $122.82 on Friday. The company has a market cap of $3.91 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. John Bean Technologies Co. has a 1-year low of $82.64 and a 1-year high of $127.31. The company has a fifty day simple moving average of $111.95 and a 200 day simple moving average of $99.81. The company has a current ratio of 2.55, a quick ratio of 2.00 and a debt-to-equity ratio of 0.41.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $453.80 million during the quarter, compared to analysts’ expectations of $442.20 million. John Bean Technologies had a net margin of 10.25% and a return on equity of 10.16%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. Research analysts anticipate that John Bean Technologies Co. will post 5.23 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Friday, December 13th. John Bean Technologies’s dividend payout ratio is currently 7.42%.

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.