Baker Ellis Asset Management LLC reduced its position in shares of John Bean Technologies Corporation (NYSE:JBT) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,344 shares of the industrial products company’s stock after selling 230 shares during the period. Baker Ellis Asset Management LLC owned 0.08% of John Bean Technologies Corporation worth $2,484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Glen Harbor Capital Management LLC increased its position in 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 period. Elkfork Partners LLC increased its position in 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 period. US Bancorp DE increased its position in 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 period. Finally, Fifth Third Bancorp increased its position in 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 period. 99.25% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Corporation (NYSE:JBT) opened at 90.95 on Monday. John Bean Technologies Corporation has a 12 month low of $62.92 and a 12 month high of $99.20. The company has a market cap of $2.88 billion, a P/E ratio of 35.22 and a beta of 1.32. The stock has a 50 day moving average of $93.12 and a 200-day moving average of $88.79.

John Bean Technologies Corporation (NYSE:JBT) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.07. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The firm had revenue of $386.10 million for the quarter, compared to the consensus estimate of $381.49 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis. Equities research analysts expect that John Bean Technologies Corporation will post $3.02 EPS for the current year.

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A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research downgraded shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co began coverage on shares of John Bean Technologies Corporation in a research report on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price objective for the company. CL King raised shares of John Bean Technologies Corporation from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Wednesday, April 12th. Finally, Bank of America Corporation began coverage on shares of John Bean Technologies Corporation in a research report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target 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.

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

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