SG Americas Securities LLC increased its stake in John Bean Technologies Corporation (NYSE:JBT) by 56.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,448 shares of the industrial products company’s stock after acquiring an additional 2,683 shares during the quarter. SG Americas Securities LLC’s holdings in John Bean Technologies were worth $753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Asset Management Inc. boosted its stake in John Bean Technologies by 30.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 728,675 shares of the industrial products company’s stock worth $71,410,000 after purchasing an additional 168,142 shares during the last quarter. Wells Fargo & Company MN boosted its stake in John Bean Technologies by 6.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,667,276 shares of the industrial products company’s stock worth $163,393,000 after purchasing an additional 106,955 shares during the last quarter. Bamco Inc. NY boosted its stake in John Bean Technologies by 33.3% during the 2nd quarter. Bamco Inc. NY now owns 400,000 shares of the industrial products company’s stock worth $39,200,000 after purchasing an additional 100,000 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its stake in John Bean Technologies by 181.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 154,148 shares of the industrial products company’s stock worth $15,584,000 after purchasing an additional 99,407 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in John Bean Technologies by 13.6% during the 3rd quarter. American Century Companies Inc. now owns 589,764 shares of the industrial products company’s stock worth $59,625,000 after purchasing an additional 70,721 shares during the last quarter. 99.26% of the stock is owned by institutional investors.

Shares of John Bean Technologies Corporation (JBT) traded down $2.50 during mid-day trading on Wednesday, hitting $114.55. 121,500 shares of the stock traded hands, compared to its average volume of 177,510. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.82 and a current ratio of 1.28. The firm has a market cap of $3,695.00, a PE ratio of 41.22, a price-to-earnings-growth ratio of 2.35 and a beta of 1.35. John Bean Technologies Corporation has a 1 year low of $80.70 and a 1 year high of $120.55.

John Bean Technologies (NYSE:JBT) last announced its quarterly earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $420.80 million for the quarter, compared to analysts’ expectations of $414.17 million. John Bean Technologies had a net margin of 5.41% and a return on equity of 25.51%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. analysts expect that John Bean Technologies Corporation will post 3.06 EPS for the current fiscal year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of John Bean Technologies from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research note on Tuesday, November 28th. Robert W. Baird lifted their target price on shares of John Bean Technologies from $107.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $105.57.

TRADEMARK VIOLATION WARNING: This report was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.dailypolitical.com/2017/12/06/john-bean-technologies-corporation-jbt-position-raised-by-sg-americas-securities-llc.html.

John Bean Technologies 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.

Want to see what other hedge funds are holding JBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for John Bean Technologies Corporation (NYSE:JBT).

Institutional Ownership by Quarter for John Bean Technologies (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.