Illinois Municipal Retirement Fund Has $1.86 Million Holdings in John Bean Technologies Co. (NYSE:JBT)

Illinois Municipal Retirement Fund reduced its stake in shares of John Bean Technologies Co. (NYSE:JBT) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,654 shares of the industrial products company’s stock after selling 311 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of John Bean Technologies worth $1,855,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JBT. GPS Wealth Strategies Group LLC raised its stake in shares of John Bean Technologies by 35.5% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 980 shares of the industrial products company’s stock valued at $103,000 after buying an additional 257 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of John Bean Technologies in the 4th quarter valued at $143,000. Pathstone Family Office LLC acquired a new position in shares of John Bean Technologies in the 3rd quarter valued at $214,000. Dark Forest Capital Management LP acquired a new position in shares of John Bean Technologies in the 3rd quarter valued at $220,000. Finally, OLD National Bancorp IN raised its stake in shares of John Bean Technologies by 7.6% in the 3rd quarter. OLD National Bancorp IN now owns 2,249 shares of the industrial products company’s stock valued at $236,000 after buying an additional 158 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Trading Down 1.7 %

Shares of John Bean Technologies stock opened at $88.61 on Friday. The stock has a market capitalization of $2.82 billion, a P/E ratio of 4.71, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. The company has a quick ratio of 1.78, a current ratio of 2.27 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $99.11 and a 200 day simple moving average of $100.69. John Bean Technologies Co. has a 12-month low of $88.03 and a 12-month high of $125.88.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $444.60 million for the quarter, compared to analyst estimates of $445.81 million. During the same quarter in the prior year, the firm earned $1.49 EPS. The company’s revenue was up .8% on a year-over-year basis. Research analysts expect that John Bean Technologies Co. will post 5.1 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Friday, March 8th. John Bean Technologies’s dividend payout ratio is currently 2.12%.

Analyst Upgrades and Downgrades

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

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.