Century Capital Management LLC grew its holdings in shares of John Bean Technologies Corporation (NYSE:JBT) by 14.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,084 shares of the industrial products company’s stock after buying an additional 2,218 shares during the period. Century Capital Management LLC owned 0.06% of John Bean Technologies Corporation worth $1,772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JBT. BlackRock Inc. boosted its position in shares of John Bean Technologies Corporation by 30,340.7% during the first quarter. BlackRock Inc. now owns 3,715,900 shares of the industrial products company’s stock valued at $326,813,000 after purchasing an additional 3,703,693 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of John Bean Technologies Corporation by 103.3% during the first quarter. JPMorgan Chase & Co. now owns 986,827 shares of the industrial products company’s stock valued at $86,792,000 after purchasing an additional 501,526 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of John Bean Technologies Corporation by 16.5% during the first quarter. Vanguard Group Inc. now owns 2,757,581 shares of the industrial products company’s stock valued at $242,529,000 after purchasing an additional 390,070 shares in the last quarter. GW&K Investment Management LLC bought a new stake in shares of John Bean Technologies Corporation during the second quarter valued at approximately $25,024,000. Finally, Eagle Asset Management Inc. boosted its position in shares of John Bean Technologies Corporation by 30.0% during the second quarter. Eagle Asset Management Inc. now owns 728,675 shares of the industrial products company’s stock valued at $71,410,000 after purchasing an additional 168,142 shares in the last quarter. 99.25% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on JBT shares. BidaskClub upgraded John Bean Technologies Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded John Bean Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Bank of America Corporation started coverage on John Bean Technologies Corporation in a research report on Thursday, May 18th. They set a “neutral” rating and a $89.00 price target on the stock. J P Morgan Chase & Co started coverage on John Bean Technologies Corporation in a research report on Friday, June 2nd. They set a “neutral” rating and a $88.00 price target on the stock. Finally, Robert W. Baird set a $101.00 price target on John Bean Technologies Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Two equities research 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 has an average rating of “Hold” and an average target price of $99.86.

Shares of John Bean Technologies Corporation (NYSE:JBT) opened at 93.00 on Monday. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 36.02 and a beta of 1.32. The company’s 50 day moving average price is $89.93 and its 200 day moving average price is $89.28. John Bean Technologies Corporation has a 52-week low of $64.28 and a 52-week high of $99.20.

John Bean Technologies Corporation (NYSE:JBT) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.51 by $0.07. The company had revenue of $386.10 million for the quarter, compared to the consensus estimate of $381.49 million. John Bean Technologies Corporation had a return on equity of 29.18% and a net margin of 5.32%. John Bean Technologies Corporation’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. On average, analysts predict that John Bean Technologies Corporation will post $3.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were issued a dividend of $0.10 per share. This is an increase from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Thursday, August 17th. John Bean Technologies Corporation’s dividend payout ratio (DPR) is presently 15.44%.

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In other news, EVP Steven R. Smith sold 10,000 shares of John Bean Technologies Corporation stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total value of $867,800.00. Following the transaction, the executive vice president now directly owns 50,811 shares in the company, valued at approximately $4,409,378.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Megan J. Rattigan sold 3,103 shares of John Bean Technologies Corporation stock in a transaction on Friday, August 18th. The shares were sold at an average price of $87.27, for a total value of $270,798.81. Following the completion of the transaction, the vice president now owns 26,091 shares in the company, valued at $2,276,961.57. The disclosure for this sale can be found here. Insiders have sold a total of 15,103 shares of company stock worth $1,314,919 over the last 90 days. 1.81% of the stock is currently owned by company insiders.

John Bean Technologies Corporation 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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