Natixis Advisors L.P. Has $12.44 Million Stock Holdings in John Bean Technologies Co. (NYSE:JBT)

Natixis Advisors L.P. lowered its position in shares of John Bean Technologies Co. (NYSE:JBT) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 125,068 shares of the industrial products company’s stock after selling 3,218 shares during the period. Natixis Advisors L.P.’s holdings in John Bean Technologies were worth $12,438,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of JBT. Victory Capital Management Inc. increased its holdings in shares of John Bean Technologies by 6.2% during the fourth quarter. Victory Capital Management Inc. now owns 878,152 shares of the industrial products company’s stock worth $87,332,000 after purchasing an additional 51,608 shares during the period. Motley Fool Asset Management LLC raised its holdings in John Bean Technologies by 8.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 19,574 shares of the industrial products company’s stock valued at $1,947,000 after acquiring an additional 1,566 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of John Bean Technologies by 6.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 23,847 shares of the industrial products company’s stock valued at $2,372,000 after acquiring an additional 1,374 shares during the period. California Public Employees Retirement System lifted its position in shares of John Bean Technologies by 4.4% during the 4th quarter. California Public Employees Retirement System now owns 72,789 shares of the industrial products company’s stock valued at $7,239,000 after acquiring an additional 3,071 shares during the period. Finally, Duality Advisers LP grew its holdings in shares of John Bean Technologies by 23.4% during the 4th quarter. Duality Advisers LP now owns 3,859 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 731 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

John Bean Technologies Price Performance

John Bean Technologies stock opened at $92.91 on Wednesday. The stock has a fifty day moving average of $97.08 and a 200-day moving average of $99.98. The stock has a market capitalization of $2.96 billion, a P/E ratio of 4.96, a price-to-earnings-growth ratio of 1.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.83 and a current ratio of 2.37. John Bean Technologies Co. has a 52 week low of $88.03 and a 52 week high of $125.88.

John Bean Technologies (NYSE:JBT) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $392.30 million during the quarter, compared to analysts’ expectations of $396.55 million. John Bean Technologies had a net margin of 36.12% and a return on equity of 10.56%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, sell-side analysts expect that John Bean Technologies Co. will post 5.12 earnings per share for the current fiscal year.

John Bean Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. John Bean Technologies’s payout ratio is presently 2.13%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. William Blair reaffirmed a “market perform” rating on shares of John Bean Technologies in a research note on Thursday, May 2nd. Robert W. Baird restated an “outperform” rating and issued a $121.00 target price on shares of John Bean Technologies in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $121.00.

About John Bean Technologies

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.