Texas Permanent School Fund boosted its stake in shares of John Bean Technologies Corporation (NYSE:JBT) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,088 shares of the industrial products company’s stock after buying an additional 299 shares during the period. Texas Permanent School Fund’s holdings in John Bean Technologies Corporation were worth $2,263,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Braun Stacey Associates Inc. boosted its position in John Bean Technologies Corporation by 22.3% in the first quarter. Braun Stacey Associates Inc. now owns 129,956 shares of the industrial products company’s stock valued at $11,429,000 after buying an additional 23,720 shares in the last quarter. Russell Investments Group Ltd. boosted its position in John Bean Technologies Corporation by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 60,723 shares of the industrial products company’s stock valued at $5,341,000 after buying an additional 5,878 shares in the last quarter. Strs Ohio boosted its position in John Bean Technologies Corporation by 36.4% in the first quarter. Strs Ohio now owns 3,000 shares of the industrial products company’s stock valued at $263,000 after buying an additional 800 shares in the last quarter. Profit Investment Management LLC boosted its position in John Bean Technologies Corporation by 28.0% in the first quarter. Profit Investment Management LLC now owns 33,606 shares of the industrial products company’s stock valued at $2,956,000 after buying an additional 7,344 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its position in John Bean Technologies Corporation by 4.4% in the first quarter. First Mercantile Trust Co. now owns 5,340 shares of the industrial products company’s stock valued at $470,000 after buying an additional 225 shares in the last quarter. 99.25% of the stock is owned by institutional investors and hedge funds.

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

John Bean Technologies Corporation (NYSE:JBT) last announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The firm 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 for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. Analysts predict that John Bean Technologies Corporation will post $3.03 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece was reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/texas-permanent-school-fund-has-2-26-million-position-in-john-bean-technologies-corporation-jbt/1472665.html.

Several equities analysts recently weighed in on the stock. BidaskClub raised shares of John Bean Technologies Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Zacks Investment Research downgraded John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co initiated coverage on John Bean Technologies Corporation in a report on Friday, June 2nd. They set a “neutral” rating and a $88.00 price target for the company. Finally, Bank of America Corporation initiated coverage on John Bean Technologies Corporation in a report on Thursday, May 18th. They set a “neutral” rating and a $89.00 price target for the company. Two analysts have rated the stock with a sell rating, two have given 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.