Maryland State Retirement & Pension System Has $1.15 Million Stock Holdings 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% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,572 shares of the industrial products company’s stock after selling 155 shares during the period. Maryland State Retirement & Pension System’s holdings in John Bean Technologies were worth $1,151,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Arizona State Retirement System grew its position in John Bean Technologies by 1.4% during the third quarter. Arizona State Retirement System now owns 9,060 shares of the industrial products company’s stock valued at $953,000 after purchasing an additional 123 shares in the last quarter. OLD National Bancorp IN increased its stake in shares of John Bean Technologies by 7.6% in the third quarter. OLD National Bancorp IN now owns 2,249 shares of the industrial products company’s stock worth $236,000 after acquiring an additional 158 shares during the last quarter. Wrapmanager Inc. raised its holdings in shares of John Bean Technologies by 8.0% during the third quarter. Wrapmanager Inc. now owns 3,335 shares of the industrial products company’s stock worth $351,000 after acquiring an additional 247 shares in the last quarter. Diversified Trust Co boosted its position in John Bean Technologies by 2.9% during the fourth quarter. Diversified Trust Co now owns 9,675 shares of the industrial products company’s stock valued at $962,000 after purchasing an additional 275 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in John Bean Technologies by 13.1% in the third quarter. Inspire Investing LLC now owns 2,917 shares of the industrial products company’s stock valued at $307,000 after purchasing an additional 338 shares in the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

John Bean Technologies Trading Down 1.4 %

John Bean Technologies stock opened at $91.74 on Thursday. John Bean Technologies Co. has a one year low of $88.03 and a one year high of $125.88. The company’s fifty day moving average price is $96.89 and its two-hundred day moving average price is $99.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.37 and a quick ratio of 1.83. 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 released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. John Bean Technologies had a return on equity of 10.56% and a net margin of 36.12%. The company had revenue of $392.30 million during the quarter, compared to the consensus estimate of $396.55 million. During the same quarter in the prior year, the company posted $0.94 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. On average, analysts forecast that John Bean Technologies Co. will post 5.12 earnings per share for the current fiscal year.

John Bean Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in 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 reaffirmed a “market perform” rating on shares of John Bean Technologies in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.