John Bean Technologies Corp. (NYSE:JBT) VP Mark K. Montague sold 5,000 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $77.80, for a total transaction of $389,000.00. Following the completion of the transaction, the vice president now directly owns 30,116 shares of the company’s stock, valued at $2,343,024.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

John Bean Technologies Corp. (NYSE:JBT) opened at 84.45 on Friday. The firm has a market capitalization of $2.46 billion, a P/E ratio of 38.44 and a beta of 1.32. John Bean Technologies Corp. has a 1-year low of $41.35 and a 1-year high of $85.40. The stock’s 50 day moving average is $74.36 and its 200-day moving average is $66.04.

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

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its position in shares of John Bean Technologies Corp. by 7.6% in the third quarter. BlackRock Fund Advisors now owns 1,981,010 shares of the company’s stock worth $139,760,000 after buying an additional 139,573 shares in the last quarter. Wells Fargo & Company MN increased 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 worth $125,880,000 after buying an additional 298,559 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of John Bean Technologies Corp. by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,015,149 shares of the company’s stock worth $62,145,000 after buying an additional 13,406 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of John Bean Technologies Corp. by 12.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 913,239 shares of the company’s stock worth $51,516,000 after buying an additional 100,925 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of John Bean Technologies Corp. by 8.5% in the second quarter. Artisan Partners Limited Partnership now owns 903,639 shares of the company’s stock worth $55,321,000 after buying an additional 70,815 shares in the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of John Bean Technologies Corp. from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Friday, July 29th.

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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