NGAM Advisors L.P. raised its stake in shares of John Bean Technologies Corporation (NYSE:JBT) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,661 shares of the industrial products company’s stock after buying an additional 670 shares during the period. NGAM Advisors L.P. owned about 0.17% of John Bean Technologies Corporation worth $5,160,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JBT. Russell Investments Group Ltd. raised its position in shares of John Bean Technologies Corporation by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 60,723 shares of the industrial products company’s stock valued at $5,341,000 after buying an additional 5,878 shares during the period. Strs Ohio raised its position in shares of John Bean Technologies Corporation by 36.4% in the first quarter. Strs Ohio now owns 3,000 shares of the industrial products company’s stock valued at $263,000 after buying an additional 800 shares during the period. Profit Investment Management LLC raised its position in shares of John Bean Technologies Corporation by 28.0% in the first quarter. Profit Investment Management LLC now owns 33,606 shares of the industrial products company’s stock valued at $2,956,000 after buying an additional 7,344 shares during the period. First Mercantile Trust Co. raised its position in shares of John Bean Technologies Corporation by 4.4% in the first quarter. First Mercantile Trust Co. now owns 5,340 shares of the industrial products company’s stock valued at $470,000 after buying an additional 225 shares during the period. Finally, Glen Harbor Capital Management LLC raised its position 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 valued at $101,000 after buying an additional 44 shares during the period. 99.25% of the stock is currently owned by hedge funds and other institutional investors.

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

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 consensus estimate 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 analysts’ expectations of $381.49 million. During the same quarter last year, the business posted $0.67 EPS. The business’s revenue was up 17.4% on a year-over-year basis. On average, equities research analysts forecast that John Bean Technologies Corporation will post $3.02 earnings per share for the current fiscal year.

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Several equities analysts have issued reports on the company. BidaskClub raised John Bean Technologies Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Zacks Investment Research lowered John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. J P Morgan Chase & Co assumed coverage on John Bean Technologies Corporation in a research note on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price target on the stock. CL King raised John Bean Technologies Corporation from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, April 12th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $105.00 price target on shares of John Bean Technologies Corporation in a research note on Monday, April 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $99.86.

About John Bean Technologies Corporation

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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