Strs Ohio Has $3.97 Million Stock Holdings in John Bean Technologies Co. (NYSE:JBT) – Defense World
Posted by admin on Jul 9th, 2022 
Strs Ohio cut its position in shares of John Bean Technologies Co. (NYSE:JBT – Get Rating) by 45.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,526 shares of the industrial products company’s stock after selling 27,500 shares during the period. Strs Ohio’s holdings in John Bean Technologies were worth $3,971,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in JBT. CWM LLC increased its stake in shares of John Bean Technologies by 176.1% during the 1st quarter. CWM LLC now owns 243 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 155 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of John Bean Technologies during the 4th quarter worth about $30,000. Confluence Wealth Services Inc. acquired a new position in John Bean Technologies in the 4th quarter valued at about $34,000. Harbor Investment Advisory LLC grew its stake in John Bean Technologies by 23.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 756 shares of the industrial products company’s stock valued at $90,000 after buying an additional 142 shares during the last quarter. Finally, IndexIQ Advisors LLC grew its stake in John Bean Technologies by 23.2% in the 4th quarter. IndexIQ Advisors LLC now owns 653 shares of the industrial products company’s stock valued at $100,000 after buying an additional 123 shares during the last quarter.
In other news, Director Caroline Maury Devine sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $116.89, for a total transaction of $35,067.00. Following the completion of the sale, the director now owns 48,249 shares of the company’s stock, valued at approximately $5,639,825.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 900 shares of company stock valued at $100,119. 1.30% of the stock is currently owned by insiders.
Shares of NYSE:JBT opened at $110.86 on Friday. The company’s 50 day moving average price is $115.74 and its two-hundred day moving average price is $123.09. John Bean Technologies Co. has a 12-month low of $98.57 and a 12-month high of $177.56. The firm has a market cap of $3.52 billion, a PE ratio of 30.37, a PEG ratio of 1.25 and a beta of 1.46. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 0.85.
John Bean Technologies (NYSE:JBT – Get Rating) last announced its earnings results on Tuesday, April 26th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.31. John Bean Technologies had a net margin of 6.09% and a return on equity of 17.57%. The firm had revenue of $469.20 million for the quarter, compared to analyst estimates of $440.64 million. During the same quarter in the prior year, the business posted $0.90 EPS. On average, research analysts expect that John Bean Technologies Co. will post 5.14 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Wednesday, May 25th. John Bean Technologies’s dividend payout ratio (DPR) is presently 10.96%.
A number of research analysts recently commented on JBT shares. Robert W. Baird decreased their price target on shares of John Bean Technologies from $143.00 to $140.00 in a research note on Wednesday, April 27th. TheStreet lowered shares of John Bean Technologies from a “b” rating to a “c+” rating in a research note on Monday, March 14th. Finally, StockNews.com started coverage on shares of John Bean Technologies in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.
John Bean Technologies Profile (Get Rating)
John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through two segments: JBT FoodTech and JBT AeroTech. It offers poultry processing, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, cooking, frying, freezing, weighing, X-ray food inspection, and food safety solutions.
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