Geode Capital Management LLC boosted its stake in shares of John Bean Technologies Corporation (NYSE:JBT) by 14.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 237,804 shares of the industrial products company’s stock after buying an additional 30,562 shares during the period. Geode Capital Management LLC owned 0.79% of John Bean Technologies Corporation worth $20,914,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in John Bean Technologies Corporation by 5.8% in the fourth quarter. State Street Corp now owns 637,310 shares of the industrial products company’s stock valued at $54,774,000 after buying an additional 34,960 shares in the last quarter. Columbus Circle Investors boosted its stake in John Bean Technologies Corporation by 153.8% in the first quarter. Columbus Circle Investors now owns 392,705 shares of the industrial products company’s stock valued at $34,538,000 after buying an additional 237,968 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in John Bean Technologies Corporation by 86.3% in the first quarter. Conestoga Capital Advisors LLC now owns 240,846 shares of the industrial products company’s stock valued at $21,182,000 after buying an additional 111,586 shares in the last quarter. Norges Bank bought a new stake in John Bean Technologies Corporation during the fourth quarter valued at approximately $17,171,000. Finally, Swiss National Bank boosted its stake in John Bean Technologies Corporation by 6.9% in the first quarter. Swiss National Bank now owns 51,400 shares of the industrial products company’s stock valued at $4,521,000 after buying an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.

John Bean Technologies Corporation (JBT) traded up 0.88% on Monday, hitting $91.75. The stock had a trading volume of 107,661 shares. John Bean Technologies Corporation has a one year low of $62.92 and a one year high of $99.20. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 35.53 and a beta of 1.32. The company’s 50-day moving average price is $93.12 and its 200 day moving average price is $88.79.

John Bean Technologies Corporation (NYSE:JBT) last released its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07. The business 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 period in the prior year, the firm posted $0.67 EPS. Analysts expect that John Bean Technologies Corporation will post $3.02 earnings per share for the current year.

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Several equities research analysts have issued reports on the company. BidaskClub cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Bank of America Corporation assumed coverage on John Bean Technologies Corporation in a research note on Thursday, May 18th. They set a “neutral” rating and a $89.00 target price for the company. BMO Capital Markets reissued an “outperform” rating and set a $105.00 target price on shares of John Bean Technologies Corporation in a research note on Monday, April 10th. Finally, J P Morgan Chase & Co assumed coverage on John Bean Technologies Corporation in a research note on Friday, June 2nd. They set a “neutral” rating and a $88.00 target price for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $99.86.

John Bean Technologies Corporation Company Profile

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.

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

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