John Bean Technologies Corp (JBT) : Keeley Asset Management Corp reduced its stake in John Bean Technologies Corp by 20.17% during the most recent quarter end. The investment management company now holds a total of 960,049 shares of John Bean Technologies Corp which is valued at $55.6 Million after selling 242,600 shares in John Bean Technologies Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.John Bean Technologies Corp makes up approximately 2.14% of Keeley Asset Management Corp’s portfolio.
Other Hedge Funds, Including , Citadel Advisors added JBT to its portfolio by purchasing 14,407 company shares during the most recent quarter which is valued at $834,309. King Luther Capital Management Corp added JBT to its portfolio by purchasing 54,915 company shares during the most recent quarter which is valued at $3.2 Million. John Bean Technologies Corp makes up approx 0.03% of King Luther Capital Management Corp’s portfolio.Gsa Capital Partners Llp boosted its stake in JBT in the latest quarter, The investment management firm added 5,376 additional shares and now holds a total of 17,928 shares of John Bean Technologies Corp which is valued at $1 Million. John Bean Technologies Corp makes up approx 0.07% of Gsa Capital Partners Llp’s portfolio.Swiss National Bank boosted its stake in JBT in the latest quarter, The investment management firm added 9,500 additional shares and now holds a total of 50,600 shares of John Bean Technologies Corp which is valued at $2.9 Million. John Bean Technologies Corp makes up approx 0.01% of Swiss National Bank’s portfolio.Russell Frank Co reduced its stake in JBT by selling 4,415 shares or 30.0% in the most recent quarter. The Hedge Fund company now holds 10,301 shares of JBT which is valued at $537,094.
John Bean Technologies Corp closed down -0.18 points or -0.29% at $60.93 with 1,53,365 shares getting traded on Wednesday. Post opening the session at $61.11, the shares hit an intraday low of $60.55 and an intraday high of $61.33 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, John Bean Technologies Corp reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.29. The company had revenue of $267.10 million for the quarter, compared to analysts expectations of $265.03 million. The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
John Bean Technologies Corporation (JBT) is a global technology solutions provider for the food processing and air transportation industries. The Company designs manufactures tests and services technological systems and products. The Company operates in two segments: JBT FoodTech and JBT AeroTech. JBT FoodTech is a supplier of customized industrial solutions and services used in the food processing industry. The product offerings of the Companys FoodTech businesses include protein processing equipment liquid foods processing equipment and automated systems. JBT AeroTech supplies customized solutions and services used for applications in the air transportation industry including airport authorities airlines airfreight and ground handling companies and the military. The product offerings of the Companys AeroTech businesses include mobile equipment fixed equipment and airport services.