John Bean Technologies Corp (JBT) : Profit Investment Management reduced its stake in John Bean Technologies Corp by 9.8% during the most recent quarter end. The investment management company now holds a total of 37,092 shares of John Bean Technologies Corp which is valued at $2,499,259 after selling 4,030 shares in John Bean Technologies Corp , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.John Bean Technologies Corp makes up approximately 1.91% of Profit Investment Management’s portfolio.
Other Hedge Funds, Including , New York State Teachers Retirement System boosted its stake in JBT in the latest quarter, The investment management firm added 8,600 additional shares and now holds a total of 113,196 shares of John Bean Technologies Corp which is valued at $7,627,146. John Bean Technologies Corp makes up approx 0.02% of New York State Teachers Retirement System’s portfolio.Bremer Trust National Association reduced its stake in JBT by selling 382 shares or 6.8% in the most recent quarter. The Hedge Fund company now holds 5,239 shares of JBT which is valued at $353,004. John Bean Technologies Corp makes up approx 0.09% of Bremer Trust National Association’s portfolio.Dearborn Partners boosted its stake in JBT in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 5,275 shares of John Bean Technologies Corp which is valued at $348,836. John Bean Technologies Corp makes up approx 0.03% of Dearborn Partners’s portfolio.Cutler Group Lp reduced its stake in JBT by selling 111 shares or 20.98% in the most recent quarter. The Hedge Fund company now holds 418 shares of JBT which is valued at $27,011.
John Bean Technologies Corp closed down -0.09 points or -0.13% at $66.92 with 2,16,999 shares getting traded on Friday. Post opening the session at $66.82, the shares hit an intraday low of $66.11 and an intraday high of $67.76 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
Many Wall Street Analysts have commented on John Bean Technologies Corp. John Bean Technologies Corp was Initiated by BB&T Capital Mkts to “Buy” on Jun 17, 2016.
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.