Profit Investment Management LLC decreased its stake in John Bean Technologies Corp. (NYSE:JBT) by 16.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,130 shares of the company’s stock after selling 5,962 shares during the period. John Bean Technologies Corp. makes up approximately 2.2% of Profit Investment Management LLC’s portfolio, making the stock its 7th largest position. Profit Investment Management LLC owned about 0.11% of John Bean Technologies Corp. worth $2,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in John Bean Technologies Corp. by 2.9% in the first quarter. State Street Corp now owns 586,050 shares of the company’s stock valued at $33,057,000 after buying an additional 16,281 shares during the last quarter. UBS Group AG increased its position in John Bean Technologies Corp. by 6.7% in the first quarter. UBS Group AG now owns 14,364 shares of the company’s stock valued at $810,000 after buying an additional 897 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in John Bean Technologies Corp. during the first quarter valued at $872,000. BNP Paribas Arbitrage SA increased its position in John Bean Technologies Corp. by 104.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,461 shares of the company’s stock valued at $579,000 after buying an additional 4,842 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in John Bean Technologies Corp. by 10.7% in the second quarter. Capstone Asset Management Co. now owns 11,045 shares of the company’s stock valued at $676,000 after buying an additional 1,070 shares during the last quarter. 98.36% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of John Bean Technologies Corp. (NYSE:JBT) traded down 0.82% during mid-day trading on Monday, hitting $90.95. 163,379 shares of the stock traded hands. The company’s 50-day moving average price is $79.73 and its 200 day moving average price is $68.87. John Bean Technologies Corp. has a 1-year low of $41.35 and a 1-year high of $91.85. The company has a market capitalization of $2.65 billion, a PE ratio of 41.40 and a beta of 1.32.

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

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Separately, Zacks Investment Research downgraded shares of John Bean Technologies Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th.

In related news, VP Mark K. Montague sold 5,000 shares of John Bean Technologies Corp. stock in a transaction on Friday, November 4th. The shares were sold at an average price of $77.80, for a total value of $389,000.00. Following the sale, the vice president now owns 30,116 shares in the company, valued at $2,343,024.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mark K. Montague sold 2,500 shares of John Bean Technologies Corp. stock in a transaction on 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 owns 25,116 shares in the company, valued at approximately $1,980,898.92. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NYSE:JBT

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