Eagle Asset Management Inc. boosted its position in shares of John Bean Technologies Corporation (NYSE:JBT) by 30.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 728,675 shares of the industrial products company’s stock after buying an additional 168,142 shares during the period. Eagle Asset Management Inc. owned approximately 2.30% of John Bean Technologies Corporation worth $71,410,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Cim Investment Mangement Inc. purchased a new stake in John Bean Technologies Corporation during the second quarter worth approximately $521,000. Principal Financial Group Inc. boosted its stake in John Bean Technologies Corporation by 3.3% in the second quarter. Principal Financial Group Inc. now owns 262,421 shares of the industrial products company’s stock worth $25,717,000 after buying an additional 8,451 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in John Bean Technologies Corporation by 9.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock worth $130,000 after buying an additional 114 shares during the period. Neuberger Berman Group LLC boosted its stake in John Bean Technologies Corporation by 25.0% in the second quarter. Neuberger Berman Group LLC now owns 12,500 shares of the industrial products company’s stock worth $1,225,000 after buying an additional 2,500 shares during the period. Finally, Intrust Bank NA purchased a new stake in John Bean Technologies Corporation during the second quarter worth approximately $267,000. Institutional investors own 99.25% of the company’s stock.

Shares of John Bean Technologies Corporation (NYSE:JBT) opened at 88.70 on Friday. The stock has a market cap of $2.80 billion, a PE ratio of 34.35 and a beta of 1.32. John Bean Technologies Corporation has a 12 month low of $64.28 and a 12 month high of $99.20. The firm has a 50-day moving average price of $90.42 and a 200-day moving average price of $89.14.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Thursday, August 17th. This is a positive change from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. John Bean Technologies Corporation’s payout ratio is currently 15.44%.

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A number of analysts have commented on JBT shares. Robert W. Baird set a $101.00 price target on John Bean Technologies Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. BidaskClub cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co started coverage on John Bean Technologies Corporation in a research report on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price target for the company. Finally, Bank of America Corporation started coverage on John Bean Technologies Corporation in a research report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $99.86.

In related news, VP Megan J. Rattigan sold 3,103 shares of John Bean Technologies Corporation stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $87.27, for a total value of $270,798.81. Following the completion of the transaction, the vice president now owns 26,091 shares in the company, valued at approximately $2,276,961.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Caroline Maury Devine sold 2,000 shares of John Bean Technologies Corporation stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $88.16, for a total value of $176,320.00. Following the completion of the transaction, the director now owns 48,592 shares of the company’s stock, valued at approximately $4,283,870.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,103 shares of company stock valued at $1,314,919. 1.81% of the stock is owned by company insiders.

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.

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

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