Public Employees Retirement System of Ohio Acquires 137 Shares of John Bean Technologies Corp (JBT)

Public Employees Retirement System of Ohio increased its holdings in John Bean Technologies Corp (NYSE:JBT) by 62.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 357 shares of the industrial products company’s stock after purchasing an additional 137 shares during the period. Public Employees Retirement System of Ohio’s holdings in John Bean Technologies were worth $26,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of JBT. Royce & Associates LP raised its position in John Bean Technologies by 198.2% in the fourth quarter. Royce & Associates LP now owns 770,943 shares of the industrial products company’s stock worth $55,361,000 after purchasing an additional 512,402 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of John Bean Technologies by 40.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 712,015 shares of the industrial products company’s stock worth $51,130,000 after buying an additional 206,598 shares in the last quarter. BlackRock Inc. increased its holdings in shares of John Bean Technologies by 1.4% during the fourth quarter. BlackRock Inc. now owns 4,569,346 shares of the industrial products company’s stock worth $328,125,000 after buying an additional 63,770 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of John Bean Technologies by 1.8% during the third quarter. Vanguard Group Inc now owns 3,148,909 shares of the industrial products company’s stock worth $375,664,000 after buying an additional 56,258 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of John Bean Technologies by 1.8% during the third quarter. Vanguard Group Inc. now owns 3,148,909 shares of the industrial products company’s stock worth $375,664,000 after buying an additional 56,258 shares in the last quarter.

NYSE JBT opened at $103.72 on Friday. The company has a market cap of $3.27 billion, a PE ratio of 24.23, a PEG ratio of 2.24 and a beta of 1.41. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 0.85. John Bean Technologies Corp has a 1-year low of $66.28 and a 1-year high of $123.90.

John Bean Technologies (NYSE:JBT) last issued its quarterly earnings results on Monday, February 25th. The industrial products company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.27. The business had revenue of $537.30 million during the quarter, compared to analyst estimates of $536.33 million. John Bean Technologies had a net margin of 5.42% and a return on equity of 32.09%. John Bean Technologies’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. Equities analysts predict that John Bean Technologies Corp will post 4.32 earnings per share for the current year.

JBT has been the subject of several recent analyst reports. Wellington Shields raised shares of John Bean Technologies from a “hold” rating to a “gradually accumulate” rating in a report on Tuesday, February 12th. Robert W. Baird set a $83.00 price objective on shares of John Bean Technologies and gave the stock a “hold” rating in a report on Friday, January 25th. TheStreet lowered shares of John Bean Technologies from a “b-” rating to a “c+” rating in a report on Monday, December 24th. Zacks Investment Research lowered shares of John Bean Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Wells Fargo & Co raised their price objective on shares of John Bean Technologies from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $95.57.

In related news, EVP James L. Marvin sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $92.53, for a total value of $138,795.00. Following the completion of the sale, the executive vice president now owns 24,679 shares of the company’s stock, valued at $2,283,547.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.23% of the company’s stock.

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About John Bean Technologies

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.

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Institutional Ownership by Quarter for John Bean Technologies (NYSE:JBT)

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