The Manufacturers Life Insurance Company raised its stake in shares of John Bean Technologies Corporation (NYSE:JBT) by 7.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,014 shares of the industrial products company’s stock after buying an additional 1,736 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of John Bean Technologies Corporation worth $2,354,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Alps Advisors Inc. grew its holdings in John Bean Technologies Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,438 shares of the industrial products company’s stock valued at $533,000 after buying an additional 14 shares during the last quarter. D.A. Davidson & CO. grew its holdings in John Bean Technologies Corporation by 1.2% during the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock valued at $154,000 after buying an additional 19 shares during the last quarter. Aperio Group LLC grew its holdings in John Bean Technologies Corporation by 0.3% during the 2nd quarter. Aperio Group LLC now owns 13,510 shares of the industrial products company’s stock valued at $1,324,000 after buying an additional 42 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in John Bean Technologies Corporation by 1.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,496 shares of the industrial products company’s stock valued at $245,000 after buying an additional 47 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in John Bean Technologies Corporation by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the industrial products company’s stock valued at $1,264,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 99.25% of the company’s stock.

John Bean Technologies Corporation (NYSE JBT) opened at $108.20 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.28 and a quick ratio of 0.82. The firm has a market capitalization of $3,415.66, a price-to-earnings ratio of 38.10, a P/E/G ratio of 2.17 and a beta of 1.32. John Bean Technologies Corporation has a 52-week low of $76.20 and a 52-week high of $115.20.

John Bean Technologies Corporation (NYSE:JBT) last issued its earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. The business had revenue of $420.80 million for the quarter, compared to analyst estimates of $414.17 million. John Bean Technologies Corporation had a return on equity of 25.51% and a net margin of 5.41%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. analysts predict that John Bean Technologies Corporation will post 3.06 earnings per share for the current fiscal year.

In other John Bean Technologies Corporation news, Director Caroline Maury Devine sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $88.16, for a total value of $176,320.00. Following the transaction, the director now directly owns 48,592 shares of the company’s stock, valued at $4,283,870.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven R. Smith sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $86.78, for a total value of $867,800.00. Following the completion of the transaction, the executive vice president now directly owns 50,811 shares in the company, valued at $4,409,378.58. The disclosure for this sale can be found here. Insiders sold a total of 15,103 shares of company stock worth $1,314,919 over the last ninety days. Corporate insiders own 1.81% of the company’s stock.

A number of research analysts have weighed in 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 note on Thursday, August 24th. Zacks Investment Research raised John Bean Technologies Corporation from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research note on Thursday, October 26th. Finally, BidaskClub lowered John Bean Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. John Bean Technologies Corporation currently has a consensus rating of “Hold” and a consensus price target of $104.86.

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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.

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

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