Maryland State Retirement & Pension System Decreases Stake in John Bean Technologies Co. (NYSE:JBT)

Maryland State Retirement & Pension System decreased its holdings in John Bean Technologies Co. (NYSE:JBT) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,572 shares of the industrial products company’s stock after selling 155 shares during the quarter. Maryland State Retirement & Pension System’s holdings in John Bean Technologies were worth $1,151,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JBT. Victory Capital Management Inc. lifted its stake in shares of John Bean Technologies by 6.2% in the fourth quarter. Victory Capital Management Inc. now owns 878,152 shares of the industrial products company’s stock valued at $87,332,000 after purchasing an additional 51,608 shares during the period. Motley Fool Asset Management LLC boosted its stake in shares of John Bean Technologies by 8.7% during the 4th quarter. Motley Fool Asset Management LLC now owns 19,574 shares of the industrial products company’s stock worth $1,947,000 after acquiring an additional 1,566 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of John Bean Technologies by 6.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 23,847 shares of the industrial products company’s stock worth $2,372,000 after acquiring an additional 1,374 shares during the period. California Public Employees Retirement System raised its holdings in John Bean Technologies by 4.4% during the fourth quarter. California Public Employees Retirement System now owns 72,789 shares of the industrial products company’s stock worth $7,239,000 after purchasing an additional 3,071 shares during the last quarter. Finally, Duality Advisers LP boosted its position in John Bean Technologies by 23.4% during the fourth quarter. Duality Advisers LP now owns 3,859 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 731 shares in the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JBT. Robert W. Baird reaffirmed an “outperform” rating and set a $121.00 price target on shares of John Bean Technologies in a research note on Monday, January 22nd. William Blair restated a “market perform” rating on shares of John Bean Technologies in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $121.00.

John Bean Technologies Stock Performance

John Bean Technologies stock opened at $91.74 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.83 and a current ratio of 2.37. John Bean Technologies Co. has a fifty-two week low of $88.03 and a fifty-two week high of $125.88. The stock has a fifty day moving average of $96.89 and a two-hundred day moving average of $99.92. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 1.41 and a beta of 1.29.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $392.30 million during the quarter, compared to analysts’ expectations of $396.55 million. John Bean Technologies had a return on equity of 10.56% and a net margin of 36.12%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. On average, analysts anticipate that John Bean Technologies Co. will post 5.12 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.10 per share. The ex-dividend date was Friday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. John Bean Technologies’s dividend payout ratio (DPR) is currently 2.13%.

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.