Barrett Asset Management LLC Takes Position in John Bean Technologies Corp (JBT)
Barrett Asset Management LLC acquired a new stake in John Bean Technologies Corp (NYSE:JBT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,000 shares of the industrial products company’s stock, valued at approximately $239,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in shares of John Bean Technologies in the 3rd quarter valued at $169,000. BB&T Corp bought a new stake in shares of John Bean Technologies in the 3rd quarter valued at $224,000. Carnegie Capital Asset Management LLC bought a new stake in shares of John Bean Technologies in the 2nd quarter valued at $239,000. Yorktown Management & Research Co Inc bought a new stake in shares of John Bean Technologies in the 2nd quarter valued at $249,000. Finally, Everence Capital Management Inc. bought a new stake in shares of John Bean Technologies in the 3rd quarter valued at $249,000.
JBT stock opened at $81.54 on Tuesday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.33 and a beta of 1.26. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.38 and a quick ratio of 0.87. John Bean Technologies Corp has a 1 year low of $81.37 and a 1 year high of $123.90.
A number of research firms have issued reports on JBT. ValuEngine upgraded John Bean Technologies from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. TheStreet upgraded John Bean Technologies from a “c+” rating to an “a-” rating in a report on Thursday, July 26th. Zacks Investment Research cut John Bean Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. BMO Capital Markets increased their target price on John Bean Technologies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, July 31st. Finally, JPMorgan Chase & Co. cut John Bean Technologies from a “neutral” rating to an “underweight” rating and set a $88.00 target price for the company. in a report on Friday, September 21st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $102.71.
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John Bean Technologies Company Profile
John Bean Technologies Corporation designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. The company operates through JBT FoodTech and JBT AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing solutions, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals.
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