John Bean Technologies Corp. (NYSE:JBT) VP Mark K. Montague sold 2,500 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $78.87, for a total transaction of $197,175.00. Following the completion of the sale, the vice president now directly owns 25,116 shares of the company’s stock, valued at $1,980,898.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Bean Technologies Corp. (NYSE:JBT) opened at 84.45 on Friday. The stock’s 50 day moving average is $74.36 and its 200-day moving average is $66.04. John Bean Technologies Corp. has a 52 week low of $41.35 and a 52 week high of $85.40. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 38.44 and a beta of 1.32.

John Bean Technologies Corp. (NYSE:JBT) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.12. The business earned $349.60 million during the quarter, compared to analyst estimates of $260 million. John Bean Technologies Corp. had a net margin of 5.04% and a return on equity of 48.82%. The business’s revenue was up 27.9% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. On average, equities research analysts expect that John Bean Technologies Corp. will post $2.37 EPS for the current year.

Separately, Zacks Investment Research raised shares of John Bean Technologies Corp. from a “hold” rating to a “strong-buy” rating and set a $92.00 target price for the company in a report on Tuesday, November 1st.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Channing Capital Management LLC bought a new position in shares of John Bean Technologies Corp. during the second quarter valued at $32,658,000. Victory Capital Management Inc. raised its position in shares of John Bean Technologies Corp. by 31,614.9% in the third quarter. Victory Capital Management Inc. now owns 430,054 shares of the company’s stock valued at $30,340,000 after buying an additional 428,698 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in shares of John Bean Technologies Corp. during the second quarter valued at $22,085,000. Allianz Asset Management AG raised its position in shares of John Bean Technologies Corp. by 1,658.6% in the second quarter. Allianz Asset Management AG now owns 318,040 shares of the company’s stock valued at $19,470,000 after buying an additional 299,955 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of John Bean Technologies Corp. by 20.1% in the third quarter. Wells Fargo & Company MN now owns 1,784,278 shares of the company’s stock valued at $125,880,000 after buying an additional 298,559 shares in the last quarter. 98.88% of the stock is owned by institutional investors.

About John Bean Technologies Corp.

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food processing and air transportation industries. The Company designs, manufactures, tests and services technological systems and products. It operates through two segments. The JBT FoodTech segment designs, manufactures services and food processing systems used for fruit juice production, frozen food production, in-container food production and convenience food preparation, among others by the food industry.

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