New York State Common Retirement Fund Has $4.63 Million Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

New York State Common Retirement Fund cut its position in shares of John Bean Technologies Co. (NYSE:JBT) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 46,539 shares of the industrial products company’s stock after selling 1,045 shares during the quarter. New York State Common Retirement Fund’s holdings in John Bean Technologies were worth $4,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in shares of John Bean Technologies by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 9,060 shares of the industrial products company’s stock worth $953,000 after buying an additional 123 shares during the period. OLD National Bancorp IN boosted its holdings in shares of John Bean Technologies by 7.6% during the 3rd quarter. OLD National Bancorp IN now owns 2,249 shares of the industrial products company’s stock worth $236,000 after buying an additional 158 shares during the period. Wrapmanager Inc. boosted its holdings in shares of John Bean Technologies by 8.0% during the 3rd quarter. Wrapmanager Inc. now owns 3,335 shares of the industrial products company’s stock worth $351,000 after buying an additional 247 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in shares of John Bean Technologies by 35.5% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 980 shares of the industrial products company’s stock worth $103,000 after buying an additional 257 shares during the period. Finally, Diversified Trust Co boosted its holdings in shares of John Bean Technologies by 2.9% during the 4th quarter. Diversified Trust Co now owns 9,675 shares of the industrial products company’s stock worth $962,000 after buying an additional 275 shares during the period. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Stock Performance

NYSE JBT opened at $91.14 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.37 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.90 billion, a P/E ratio of 4.86, a P/E/G ratio of 1.45 and a beta of 1.29. John Bean Technologies Co. has a 12-month low of $88.03 and a 12-month high of $125.88. The firm has a 50-day moving average price of $97.48 and a two-hundred day moving average price of $100.06.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $392.30 million during the quarter, compared to the consensus estimate of $396.55 million. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. Analysts anticipate that John Bean Technologies Co. will post 5.1 earnings per share for the current year.

John Bean Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, March 8th. John Bean Technologies’s dividend payout ratio is currently 2.13%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reaffirmed an “outperform” rating and set a $121.00 target price 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 given a buy rating to the company. According to data from MarketBeat.com, John Bean Technologies presently has an average rating of “Moderate Buy” and an average price target 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.