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.

John Bean Technologies (NYSE:JBT) last released its earnings results on Wednesday, October 31st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.05). John Bean Technologies had a return on equity of 28.31% and a net margin of 4.32%. The firm had revenue of $481.90 million for the quarter, compared to the consensus estimate of $489.81 million. During the same quarter last year, the company posted $0.82 EPS. John Bean Technologies’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts forecast that John Bean Technologies Corp will post 4.02 earnings per share for the current year.

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.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/11/20/barrett-asset-management-llc-takes-position-in-john-bean-technologies-corp-jbt.html.

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.

Featured Article: Book Value Of Equity Per Share – BVPS Explained

Institutional Ownership by Quarter for John Bean Technologies (NYSE:JBT)

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