Texas Permanent School Fund Corp Purchases 1,278 Shares of John Bean Technologies Co. (NYSE:JBT)

Texas Permanent School Fund Corp boosted its position in shares of John Bean Technologies Co. (NYSE:JBT) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 29,143 shares of the industrial products company’s stock after buying an additional 1,278 shares during the quarter. Texas Permanent School Fund Corp’s holdings in John Bean Technologies were worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBT. Los Angeles Capital Management LLC acquired a new position in shares of John Bean Technologies in the second quarter valued at $654,000. Savant Capital LLC acquired a new position in shares of John Bean Technologies in the second quarter valued at about $417,000. Arizona State Retirement System grew its stake in shares of John Bean Technologies by 1.7% in the second quarter. Arizona State Retirement System now owns 8,900 shares of the industrial products company’s stock valued at $845,000 after acquiring an additional 150 shares in the last quarter. Rhumbline Advisers grew its stake in shares of John Bean Technologies by 5.5% in the second quarter. Rhumbline Advisers now owns 101,574 shares of the industrial products company’s stock valued at $9,646,000 after acquiring an additional 5,333 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of 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 acquiring an additional 85,910 shares in the last quarter. 98.92% of the stock is owned by institutional investors.

John Bean Technologies Trading Up 2.7 %

JBT stock opened at $89.62 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.54. The company’s 50-day simple moving average is $92.13 and its 200 day simple moving average is $94.67. John Bean Technologies Co. has a 52 week low of $82.64 and a 52 week high of $111.43. The company has a market capitalization of $2.85 billion, a PE ratio of 4.78, a price-to-earnings-growth ratio of 1.20 and a beta of 1.24.

John Bean Technologies (NYSE:JBT) last released its quarterly 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 during the quarter, compared to analyst estimates of $432.67 million. John Bean Technologies had a net margin of 36.66% and a return on equity of 9.67%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. As a group, sell-side analysts anticipate that John Bean Technologies Co. will post 5.18 earnings per share for the current year.

John Bean Technologies Announces Dividend

The company 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 of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. John Bean Technologies’s payout ratio is 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.