Nisa Investment Advisors LLC Cuts Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Nisa Investment Advisors LLC lowered its holdings in John Bean Technologies Co. (NYSE:JBT) by 3.1% during the 4th quarter, Holdings Channel reports. The firm owned 7,553 shares of the industrial products company’s stock after selling 245 shares during the period. Nisa Investment Advisors LLC’s holdings in John Bean Technologies were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of JBT. Nordea Investment Management AB raised its stake in shares of John Bean Technologies by 54.0% in the third quarter. Nordea Investment Management AB now owns 98,365 shares of the industrial products company’s stock valued at $10,323,000 after buying an additional 34,498 shares during the period. Diversified Trust Co raised its stake in shares of John Bean Technologies by 2.9% in the fourth quarter. Diversified Trust Co now owns 9,675 shares of the industrial products company’s stock valued at $962,000 after buying an additional 275 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of John Bean Technologies by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 343,967 shares of the industrial products company’s stock valued at $36,165,000 after buying an additional 14,280 shares during the period. 2Xideas AG bought a new stake in shares of John Bean Technologies in the third quarter valued at $10,714,000. Finally, Impax Asset Management Group plc bought a new stake in shares of John Bean Technologies in the third quarter valued at $6,308,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird restated an “outperform” rating and issued a $121.00 target price on shares of John Bean Technologies in a research note 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’s stock. According to data from MarketBeat.com, John Bean Technologies currently has an average rating of “Moderate Buy” and an average target price of $121.00.

John Bean Technologies Trading Down 2.7 %

Shares of John Bean Technologies stock opened at $90.56 on Wednesday. The company’s 50-day moving average price is $100.47 and its 200-day moving average price is $101.22. The company has a current ratio of 2.27, a quick ratio of 1.78 and a debt-to-equity ratio of 0.43. John Bean Technologies Co. has a 12-month low of $89.96 and a 12-month high of $125.88. The company has a market cap 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 (NYSE:JBT) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.04. John Bean Technologies had a net margin of 33.53% and a return on equity of 12.15%. The business had revenue of $444.60 million for the quarter, compared to analysts’ expectations of $445.81 million. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 EPS. On average, equities analysts expect that John Bean Technologies Co. will post 5.15 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

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

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.