Arizona State Retirement System Sells 160 Shares of John Bean Technologies Co. (NYSE:JBT)

Arizona State Retirement System trimmed its position in John Bean Technologies Co. (NYSE:JBT) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,900 shares of the industrial products company’s stock after selling 160 shares during the period. Arizona State Retirement System’s holdings in John Bean Technologies were worth $885,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Point72 Hong Kong Ltd lifted its stake in shares of John Bean Technologies by 19.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 597 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 96 shares during the last quarter. Metropolitan Life Insurance Co NY increased its holdings in John Bean Technologies by 5.8% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,944 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 106 shares during the period. Great West Life Assurance Co. Can increased its holdings in John Bean Technologies by 0.5% in the first quarter. Great West Life Assurance Co. Can now owns 27,620 shares of the industrial products company’s stock valued at $3,359,000 after purchasing an additional 149 shares during the period. OLD National Bancorp IN increased its holdings in John Bean Technologies by 7.6% in the third quarter. OLD National Bancorp IN now owns 2,249 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 158 shares during the period. Finally, Private Advisor Group LLC increased its holdings in John Bean Technologies by 6.7% in the first quarter. Private Advisor Group LLC now owns 2,992 shares of the industrial products company’s stock valued at $354,000 after purchasing an additional 188 shares during the period. 98.92% of the stock is currently owned by institutional investors.

John Bean Technologies Stock Performance

NYSE JBT opened at $90.56 on Wednesday. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 4.81, a PEG ratio of 1.47 and a beta of 1.29. John Bean Technologies Co. has a twelve month low of $89.96 and a twelve month high of $125.88. The stock has a fifty day simple moving average of $100.47 and a 200 day simple moving average of $101.22. The company has a quick ratio of 1.78, a current ratio of 2.27 and a debt-to-equity ratio of 0.43.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.04. John Bean Technologies had a return on equity of 12.15% and a net margin of 33.53%. The firm had revenue of $444.60 million during the quarter, compared to the consensus estimate of $445.81 million. During the same period last year, the business posted $1.49 EPS. The business’s revenue was up .8% compared to the same quarter last year. Sell-side analysts expect that John Bean Technologies Co. will post 5.15 EPS for the current year.

John Bean Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a $0.10 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.40 annualized dividend and a yield of 0.44%. John Bean Technologies’s payout ratio is 2.12%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird restated an “outperform” rating and issued a $121.00 price objective on shares of John Bean Technologies in a report on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.