John Bean Technologies Corporation (JBT) Stake Raised by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. raised its position in John Bean Technologies Corporation (NYSE:JBT) by 7.4% during the second quarter, Holdings Channel reports. The fund owned 139,557 shares of the industrial products company’s stock after buying an additional 9,601 shares during the period. Braun Stacey Associates Inc.’s holdings in John Bean Technologies Corporation were worth $13,676,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JBT. Glen Harbor Capital Management LLC increased its stake in shares of John Bean Technologies Corporation by 4.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,144 shares of the industrial products company’s stock worth $101,000 after buying an additional 44 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of John Bean Technologies Corporation by 62.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,216 shares of the industrial products company’s stock worth $107,000 after buying an additional 467 shares during the last quarter. Elkfork Partners LLC increased its stake in shares of John Bean Technologies Corporation by 4.0% in the first quarter. Elkfork Partners LLC now owns 1,456 shares of the industrial products company’s stock worth $128,000 after buying an additional 56 shares during the last quarter. US Bancorp DE increased its stake in shares of John Bean Technologies Corporation by 78.4% in the first quarter. US Bancorp DE now owns 1,700 shares of the industrial products company’s stock worth $150,000 after buying an additional 747 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of John Bean Technologies Corporation by 144.4% in the first quarter. Fifth Third Bancorp now owns 1,745 shares of the industrial products company’s stock worth $153,000 after buying an additional 1,031 shares during the last quarter. 99.25% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Corporation (NYSE JBT) opened at 90.95 on Friday. The firm has a market capitalization of $2.88 billion, a P/E ratio of 35.22 and a beta of 1.32. The firm has a 50-day moving average price of $93.12 and a 200 day moving average price of $88.79. John Bean Technologies Corporation has a 52-week low of $62.92 and a 52-week high of $99.20.

John Bean Technologies Corporation (NYSE:JBT) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. John Bean Technologies Corporation had a return on equity of 29.18% and a net margin of 5.32%. The business had revenue of $386.10 million during the quarter, compared to analyst estimates of $381.49 million. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. Analysts forecast that John Bean Technologies Corporation will post $3.02 EPS for the current year.

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JBT has been the subject of a number of recent analyst reports. BidaskClub raised John Bean Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. CL King raised John Bean Technologies Corporation from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Wednesday, April 12th. Zacks Investment Research raised John Bean Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. J P Morgan Chase & Co started coverage on John Bean Technologies Corporation in a research report on Friday, June 2nd. They issued a “neutral” rating and a $88.00 target price for the company. Finally, Bank of America Corporation started coverage on John Bean Technologies Corporation in a research report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $99.86.

John Bean Technologies Corporation Company Profile

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

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