Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of John Bean Technologies Corp (NYSE:JBT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,713 shares of the industrial products company’s stock, valued at approximately $597,000.

Several other institutional investors have also recently made changes to their positions in JBT. Confluence Investment Management LLC grew its stake in John Bean Technologies by 102.6% in the second quarter. Confluence Investment Management LLC now owns 52,643 shares of the industrial products company’s stock valued at $4,680,000 after purchasing an additional 26,655 shares during the last quarter. Suffolk Capital Management LLC grew its stake in John Bean Technologies by 38.8% in the second quarter. Suffolk Capital Management LLC now owns 10,175 shares of the industrial products company’s stock valued at $905,000 after purchasing an additional 2,845 shares during the last quarter. Allianz Asset Management GmbH grew its stake in John Bean Technologies by 6.1% in the first quarter. Allianz Asset Management GmbH now owns 85,652 shares of the industrial products company’s stock valued at $9,713,000 after purchasing an additional 4,918 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in John Bean Technologies by 35.4% in the second quarter. Conestoga Capital Advisors LLC now owns 432,780 shares of the industrial products company’s stock valued at $38,474,000 after purchasing an additional 113,100 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in John Bean Technologies in the second quarter valued at about $1,012,000.

Shares of NYSE JBT opened at $117.45 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.33 and a quick ratio of 0.80. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 37.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. John Bean Technologies Corp has a fifty-two week low of $84.81 and a fifty-two week high of $122.65.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.19. The business had revenue of $491.30 million during the quarter, compared to the consensus estimate of $474.59 million. John Bean Technologies had a return on equity of 26.58% and a net margin of 4.43%. The company’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. equities analysts anticipate that John Bean Technologies Corp will post 4.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Monday, August 20th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date is Friday, August 17th. This is an increase from John Bean Technologies’s previous quarterly dividend of $0.09. John Bean Technologies’s dividend payout ratio (DPR) is currently 12.90%.

Several equities analysts have issued reports on JBT shares. ValuEngine upgraded John Bean Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. TheStreet upgraded John Bean Technologies from a “c+” rating to an “a-” rating in a research note on Thursday, July 26th. Bank of America cut their target price on John Bean Technologies from $104.00 to $84.00 and set an “underperform” rating on the stock in a research note on Friday, May 4th. Zacks Investment Research lowered John Bean Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Finally, Seaport Global Securities lowered John Bean Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $125.00 to $94.00 in a research note on Thursday, May 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $109.17.

John Bean Technologies Company Profile

John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.

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Institutional Ownership by Quarter for John Bean Technologies (NYSE:JBT)

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