Teachers Retirement System of The State of Kentucky Has $10.43 Million Stake in John Bean Technologies Co. (NYSE:JBT)

Teachers Retirement System of The State of Kentucky grew its holdings in John Bean Technologies Co. (NYSE:JBT) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,843 shares of the industrial products company’s stock after buying an additional 758 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.35% of John Bean Technologies worth $10,432,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Kimelman & Baird LLC bought a new position in shares of John Bean Technologies during the second quarter worth approximately $85,000. Creative Planning bought a new position in shares of John Bean Technologies during the second quarter worth approximately $711,000. Algert Global LLC bought a new position in shares of John Bean Technologies during the second quarter worth approximately $304,000. Susquehanna International Group Ltd. bought a new position in shares of John Bean Technologies during the second quarter worth approximately $945,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of John Bean Technologies during the second quarter worth approximately $1,512,000. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Price Performance

Shares of NYSE JBT opened at $99.24 on Wednesday. The firm has a market cap of $3.16 billion, a P/E ratio of 5.30, a price-to-earnings-growth ratio of 1.29 and a beta of 1.24. The company has a current ratio of 2.54, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. John Bean Technologies Co. has a 1-year low of $82.64 and a 1-year high of $109.91. The business’s 50 day moving average is $91.47 and its 200-day moving average is $93.97.

John Bean Technologies (NYSE:JBT) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.05 earnings per share 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 firm had revenue of $402.30 million for the quarter, compared to the consensus estimate of $432.67 million. During the same quarter last year, the business posted $0.97 EPS. John Bean Technologies’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities research analysts predict that John Bean Technologies Co. will post 5.18 earnings per share for the current year.

John Bean Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. John Bean Technologies’s dividend payout ratio (DPR) is presently 2.13%.

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.