Oppenheimer Asset Management Inc. lifted its position in shares of John Bean Technologies Corporation (NYSE:JBT) by 67.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,152 shares of the industrial products company’s stock after acquiring an additional 466 shares during the period. Oppenheimer Asset Management Inc.’s holdings in John Bean Technologies Corporation were worth $113,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JBT. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of John Bean Technologies Corporation by 62.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,216 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 467 shares in the last quarter. US Bancorp DE raised its position in shares of John Bean Technologies Corporation by 78.4% during the 1st quarter. US Bancorp DE now owns 1,700 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 747 shares in the last quarter. Fifth Third Bancorp raised its position in shares of John Bean Technologies Corporation by 144.4% during the 1st quarter. Fifth Third Bancorp now owns 1,745 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 1,031 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of John Bean Technologies Corporation by 4.0% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,768 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 68 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of John Bean Technologies Corporation by 76.4% during the 1st quarter. LS Investment Advisors LLC now owns 2,006 shares of the industrial products company’s stock valued at $176,000 after acquiring an additional 869 shares in the last quarter. 99.25% of the stock is currently owned by institutional investors and hedge funds.

John Bean Technologies Corporation (NYSE:JBT) opened at 95.50 on Friday. The company has a market capitalization of $3.02 billion, a P/E ratio of 36.99 and a beta of 1.32. The company’s 50-day moving average price is $90.38 and its 200-day moving average price is $89.76. John Bean Technologies Corporation has a 52 week low of $66.08 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 EPS for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $381.49 million. During the same quarter last year, the company earned $0.67 EPS. John Bean Technologies Corporation’s revenue was up 17.4% on a year-over-year basis. On average, equities analysts forecast that John Bean Technologies Corporation will post $3.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. This is a boost from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, August 17th. John Bean Technologies Corporation’s dividend payout ratio (DPR) is currently 15.44%.

Several research firms recently issued reports on JBT. Zacks Investment Research lowered 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 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. BidaskClub raised John Bean Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. 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 assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $99.86.

TRADEMARK VIOLATION NOTICE: “Oppenheimer Asset Management Inc. Boosts Position in John Bean Technologies Corporation (JBT)” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/09/24/oppenheimer-asset-management-inc-boosts-position-in-john-bean-technologies-corporation-jbt.html.

In related news, EVP Steven R. Smith sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total transaction of $867,800.00. Following the completion of the sale, the executive vice president now directly owns 50,811 shares of the company’s stock, valued at approximately $4,409,378.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Megan J. Rattigan sold 3,103 shares of the firm’s 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 sale, the vice president now directly owns 26,091 shares of the company’s stock, 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 valued at $1,314,919 over the last ninety days. Insiders own 1.81% of the company’s stock.

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)

Receive News & Ratings for John Bean Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Bean Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.