Shelton Capital Management bought a new position in John Bean Technologies Corporation (NYSE:JBT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,125 shares of the industrial products company’s stock, valued at approximately $306,000.

A number of other hedge funds also recently added to or reduced their stakes in JBT. Oppenheimer Asset Management Inc. lifted its position in John Bean Technologies Corporation by 67.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,152 shares of the industrial products company’s stock worth $113,000 after buying an additional 466 shares in the last quarter. Advisor Group Inc. increased its stake in shares of John Bean Technologies Corporation by 27.4% during the 2nd quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 297 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of John Bean Technologies Corporation by 9.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 114 shares during the last quarter. US Bancorp DE increased its stake 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 worth $150,000 after purchasing 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% during the 1st quarter. Fifth Third Bancorp now owns 1,745 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 1,031 shares during the last quarter. Institutional investors own 99.25% of the company’s stock.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of John Bean Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Robert W. Baird set a $101.00 price target on shares of John Bean Technologies Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. John Bean Technologies Corporation has a consensus rating of “Hold” and an average target price of $99.33.

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John Bean Technologies Corporation (JBT) opened at 103.75 on Friday. John Bean Technologies Corporation has a 1-year low of $71.85 and a 1-year high of $103.85. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 40.18 and a beta of 1.35. The company has a 50-day moving average of $95.88 and a 200-day moving average of $91.19.

John Bean Technologies Corporation (NYSE:JBT) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) 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 analyst estimates of $381.49 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities analysts predict that John Bean Technologies Corporation will post $3.03 earnings per share for the current year.

In other John Bean Technologies Corporation news, VP Megan J. Rattigan sold 3,103 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $87.27, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven R. Smith sold 10,000 shares of the company’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 sale, the executive vice president now directly owns 50,811 shares in the company, valued at $4,409,378.58. The disclosure for this sale can be found here. Insiders have sold 15,103 shares of company stock worth $1,314,919 over the last ninety days. Insiders own 1.81% of the company’s stock.

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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