NJ State Employees Deferred Compensation Plan bought a new position in shares of John Bean Technologies Corporation (NYSE:JBT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,160 shares of the industrial products company’s stock, valued at approximately $212,000.

A number of other hedge funds have also made changes to their positions in JBT. Glen Harbor Capital Management LLC boosted its stake in shares of John Bean Technologies Corporation by 4.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,144 shares of the industrial products company’s stock worth $101,000 after buying an additional 44 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of John Bean Technologies Corporation by 62.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,216 shares of the industrial products company’s stock worth $107,000 after buying an additional 467 shares in the last quarter. Elkfork Partners LLC boosted its stake in shares of John Bean Technologies Corporation by 4.0% in the first quarter. Elkfork Partners LLC now owns 1,456 shares of the industrial products company’s stock worth $128,000 after buying an additional 56 shares in the last quarter. US Bancorp DE boosted its stake in shares of John Bean Technologies Corporation by 78.4% in the first quarter. US Bancorp DE now owns 1,700 shares of the industrial products company’s stock worth $150,000 after buying an additional 747 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of John Bean Technologies Corporation by 144.4% in the first quarter. Fifth Third Bancorp now owns 1,745 shares of the industrial products company’s stock worth $153,000 after buying an additional 1,031 shares in the last quarter. 99.25% of the stock is owned by institutional investors and hedge funds.

Shares of John Bean Technologies Corporation (NYSE JBT) opened at 89.20 on Friday. The stock has a market capitalization of $2.82 billion, a PE ratio of 34.55 and a beta of 1.32. John Bean Technologies Corporation has a 52 week low of $64.28 and a 52 week high of $99.20. The stock has a 50 day moving average of $92.99 and a 200-day moving average of $89.01.

John Bean Technologies Corporation (NYSE:JBT) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. The firm had revenue of $386.10 million during the quarter, compared to analyst estimates of $381.49 million. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. On average, equities research analysts expect that John Bean Technologies Corporation will post $3.03 EPS for the current year.

TRADEMARK VIOLATION WARNING: “2,160 Shares in John Bean Technologies Corporation (NYSE:JBT) Acquired by NJ State Employees Deferred Compensation Plan” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.watchlistnews.com/2160-shares-in-john-bean-technologies-corporation-nysejbt-acquired-by-nj-state-employees-deferred-compensation-plan/1472469.html.

A number of brokerages have commented on JBT. BidaskClub cut shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research cut shares of John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Bank of America Corporation began coverage on shares of John Bean Technologies Corporation in a report on Thursday, May 18th. They set a “neutral” rating and a $89.00 target price for the company. Finally, J P Morgan Chase & Co assumed coverage on shares of John Bean Technologies Corporation in a report on Friday, June 2nd. They set a “neutral” rating and a $88.00 target price for the company. Two investment 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’s stock. John Bean Technologies Corporation presently has a consensus rating of “Hold” and an average price target of $99.86.

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.

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 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 Analyst Ratings Network's FREE daily email newsletter.