Arizona State Retirement System Has $845,000 Stake in John Bean Technologies Co. (NYSE:JBT)

Arizona State Retirement System grew its holdings in shares of John Bean Technologies Co. (NYSE:JBT) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,900 shares of the industrial products company’s stock after purchasing an additional 150 shares during the period. Arizona State Retirement System’s holdings in John Bean Technologies were worth $845,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Rhumbline Advisers grew its position in John Bean Technologies by 5.5% during the second quarter. Rhumbline Advisers now owns 101,574 shares of the industrial products company’s stock worth $9,646,000 after buying an additional 5,333 shares in the last quarter. Natixis Advisors LLC raised its stake in John Bean Technologies by 69.4% in the second quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company’s stock valued at $19,912,000 after purchasing an additional 85,910 shares in the last quarter. Innealta Capital LLC bought a new stake in John Bean Technologies during the second quarter worth about $73,000. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in John Bean Technologies by 26.9% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 240,865 shares of the industrial products company’s stock worth $22,875,000 after buying an additional 51,030 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in shares of John Bean Technologies by 2.7% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 951,534 shares of the industrial products company’s stock valued at $90,367,000 after buying an additional 24,981 shares in the last quarter. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Stock Up 2.7 %

NYSE JBT opened at $89.62 on Friday. The business has a fifty day moving average price of $92.13 and a two-hundred day moving average price of $94.72. The stock has a market capitalization of $2.85 billion, a PE ratio of 4.78, a PEG ratio of 1.20 and a beta of 1.24. John Bean Technologies Co. has a fifty-two week low of $82.64 and a fifty-two week high of $111.43. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96.

John Bean Technologies (NYSE:JBT) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.19). The business had revenue of $402.30 million for the quarter, compared to analyst estimates of $432.67 million. John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. Equities analysts expect that John Bean Technologies Co. will post 5.18 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 Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, August 19th. John Bean Technologies’s payout ratio is 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.