Forward Management LLC raised its position in John Bean Technologies Corporation (NYSE:JBT) by 11.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,957 shares of the industrial products company’s stock after buying an additional 829 shares during the period. Forward Management LLC’s holdings in John Bean Technologies Corporation were worth $779,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Glen Harbor Capital Management LLC increased its position 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 during the period. Elkfork Partners LLC increased its position 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 during the period. US Bancorp DE increased its position 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 during the period. Finally, Fifth Third Bancorp increased its position 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 during the period. 99.25% of the stock is owned by institutional investors and hedge funds.

John Bean Technologies Corporation (JBT) opened at 89.20 on Friday. John Bean Technologies Corporation has a 52 week low of $64.28 and a 52 week high of $99.20. The stock has a market capitalization of $2.82 billion, a P/E ratio of 34.55 and a beta of 1.32. The stock’s 50 day moving average price is $92.99 and its 200-day moving average price is $89.01.

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, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.07. The business had revenue of $386.10 million during the quarter, compared to the consensus estimate of $381.49 million. John Bean Technologies Corporation had a return on equity of 29.18% and a net margin of 5.32%. The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. Equities research analysts expect that John Bean Technologies Corporation will post $3.03 earnings per share for the current year.

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A number of equities analysts have recently issued reports on the company. BidaskClub downgraded John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. J P Morgan Chase & Co assumed coverage on John Bean Technologies Corporation in a research note on Friday, June 2nd. They set a “neutral” rating and a $88.00 target price for the company. Finally, Bank of America Corporation assumed coverage on John Bean Technologies Corporation in a research note on Thursday, May 18th. They set a “neutral” rating and a $89.00 target price for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $99.86.

John Bean Technologies Corporation Company 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.

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

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