Parametric Portfolio Associates LLC increased its holdings in John Bean Technologies Corporation (NYSE:JBT) by 16.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121,437 shares of the industrial products company’s stock after purchasing an additional 17,187 shares during the quarter. Parametric Portfolio Associates LLC owned 0.38% of John Bean Technologies Corporation worth $11,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in John Bean Technologies Corporation by 30,340.7% in the 1st quarter. BlackRock Inc. now owns 3,715,900 shares of the industrial products company’s stock worth $326,813,000 after purchasing an additional 3,703,693 shares during the period. Legal & General Group Plc raised its holdings in John Bean Technologies Corporation by 10.1% in the 2nd quarter. Legal & General Group Plc now owns 61,134 shares of the industrial products company’s stock worth $5,987,000 after purchasing an additional 5,607 shares during the period. Neuberger Berman Group LLC raised its holdings in John Bean Technologies Corporation by 25.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 12,500 shares of the industrial products company’s stock worth $1,225,000 after purchasing an additional 2,500 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in John Bean Technologies Corporation by 14.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 126,853 shares of the industrial products company’s stock worth $11,157,000 after purchasing an additional 16,417 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in John Bean Technologies Corporation by 18.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,291 shares of the industrial products company’s stock worth $1,107,000 after purchasing an additional 1,780 shares during the period. 99.25% of the stock is owned by institutional investors.

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In related news, VP Megan J. Rattigan sold 3,103 shares of John Bean Technologies Corporation stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $87.27, for a total transaction of $270,798.81. Following the completion of the transaction, the vice president now directly owns 26,091 shares in the company, valued at approximately $2,276,961.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Caroline Maury Devine sold 2,000 shares of John Bean Technologies Corporation stock in a transaction that occurred on 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 owns 48,592 shares of the company’s stock, valued at $4,283,870.72. The disclosure for this sale can be found here. Insiders have sold a total of 15,103 shares of company stock valued at $1,314,919 over the last 90 days. Insiders own 1.81% of the company’s stock.

A number of equities analysts recently weighed in on the company. BidaskClub cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird set a $101.00 price target on John Bean Technologies Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. Two research 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 stock currently has a consensus rating of “Hold” and an average target price of $99.33.

Shares of John Bean Technologies Corporation (NYSE JBT) opened at 100.70 on Wednesday. John Bean Technologies Corporation has a 1-year low of $71.33 and a 1-year high of $102.45. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 39.00 and a beta of 1.35. The firm’s 50-day moving average price is $94.48 and its 200 day moving average price is $90.93.

John Bean Technologies Corporation (NYSE:JBT) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.07. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The company had revenue of $386.10 million during the quarter, compared to the consensus estimate of $381.49 million. During the same period last year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. Equities research analysts expect that John Bean Technologies Corporation will post $3.03 earnings per share for the current fiscal year.

John Bean Technologies Corporation 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.

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

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