Crossmark Global Holdings Inc. acquired a new position in shares of John Bean Technologies Corporation (NYSE:JBT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,967 shares of the industrial products company’s stock, valued at approximately $805,000.

Several other hedge funds and other institutional investors have also bought and sold shares of JBT. Oppenheimer Asset Management Inc. lifted its position in shares of John Bean Technologies Corporation by 67.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,152 shares of the industrial products company’s stock worth $113,000 after purchasing an additional 466 shares during the last quarter. Advisor Group Inc. lifted its position in shares of John Bean Technologies Corporation by 27.4% during the 2nd quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 297 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in John Bean Technologies Corporation by 9.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 114 shares in the last quarter. D.A. Davidson & CO. raised its holdings in John Bean Technologies Corporation by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 19 shares in the last quarter. Finally, US Bancorp DE raised its holdings in John Bean Technologies Corporation by 7.6% in the 2nd quarter. US Bancorp DE now owns 1,830 shares of the industrial products company’s stock valued at $180,000 after acquiring an additional 130 shares in the last quarter. 99.25% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented 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 upped their price target on John Bean Technologies Corporation from $107.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $104.86.

In other news, VP Megan J. Rattigan sold 3,103 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $87.27, for a total value of $270,798.81. Following the completion of the transaction, the vice president now directly owns 26,091 shares of the company’s stock, valued at approximately $2,276,961.57. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven R. Smith sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $86.78, for a total value of $867,800.00. Following the completion of the transaction, the executive vice president now directly owns 50,811 shares of the company’s stock, valued at $4,409,378.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,103 shares of company stock valued at $1,314,919. 1.81% of the stock is currently owned by insiders.

John Bean Technologies Corporation (JBT) opened at $110.50 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $3,447.20, a P/E ratio of 38.45, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. John Bean Technologies Corporation has a twelve month low of $80.55 and a twelve month high of $115.20.

John Bean Technologies Corporation (NYSE:JBT) last issued its earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. John Bean Technologies Corporation had a return on equity of 25.51% and a net margin of 5.41%. The business had revenue of $420.80 million during the quarter, compared to analysts’ expectations of $414.17 million. During the same period in the prior year, the firm posted $0.69 EPS. John Bean Technologies Corporation’s quarterly revenue was up 20.4% compared to the same quarter last year. equities research analysts expect that John Bean Technologies Corporation will post 3.06 earnings per share for the current year.

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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.

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

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