State of New Jersey Common Pension Fund D Sells 7,036 Shares of John Bean Technologies Co. (NYSE:JBT)

State of New Jersey Common Pension Fund D lessened its position in shares of John Bean Technologies Co. (NYSE:JBT) by 26.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,947 shares of the industrial products company’s stock after selling 7,036 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of John Bean Technologies worth $1,894,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JBT. Norges Bank bought a new position in John Bean Technologies during the 4th quarter worth about $35,164,000. P2 Capital Partners LLC boosted its stake in shares of John Bean Technologies by 39.0% during the 4th quarter. P2 Capital Partners LLC now owns 556,442 shares of the industrial products company’s stock worth $55,338,000 after buying an additional 156,241 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of John Bean Technologies by 23.8% during the 1st quarter. Bamco Inc. NY now owns 650,000 shares of the industrial products company’s stock worth $68,178,000 after buying an additional 125,000 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of John Bean Technologies by 7.8% during the 1st quarter. Champlain Investment Partners LLC now owns 1,545,159 shares of the industrial products company’s stock worth $162,072,000 after buying an additional 112,035 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of John Bean Technologies by 69.4% during the 2nd quarter. Natixis Advisors LLC now owns 209,662 shares of the industrial products company’s stock worth $19,912,000 after buying an additional 85,910 shares during the last quarter. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Trading Down 1.6 %

John Bean Technologies stock opened at $91.20 on Monday. The firm has a 50-day moving average of $92.05 and a 200-day moving average of $94.29. John Bean Technologies Co. has a one year low of $82.64 and a one year high of $109.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.54 and a quick ratio of 1.96. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 4.87, a P/E/G ratio of 1.20 and a beta of 1.24.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.19). John Bean Technologies had a return on equity of 9.67% and a net margin of 36.66%. The business had revenue of $402.30 million for the quarter, compared to analyst estimates of $432.67 million. During the same quarter in the prior year, the company earned $0.97 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. On average, equities analysts expect that John Bean Technologies Co. will post 5.18 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend 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.