First Mercantile Trust Co Lowers stake in John Bean Technologies Corp (JBT)

John Bean Technologies Corp (JBT) : First Mercantile Trust Co reduced its stake in John Bean Technologies Corp by 11.22% during the most recent quarter end. The investment management company now holds a total of 7,280 shares of John Bean Technologies Corp which is valued at $527,873 after selling 920 shares in John Bean Technologies Corp , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.John Bean Technologies Corp makes up approximately 0.07% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in JBT during the most recent quarter. The investment firm sold 443 shares of JBT which is valued $32,122.Bnp Paribas Arbitrage Sa reduced its stake in JBT by selling 4,669 shares or 49.35% in the most recent quarter. The Hedge Fund company now holds 4,792 shares of JBT which is valued at $351,541.

John Bean Technologies Corp closed down -1.19 points or -1.61% at $72.51 with 68,590 shares getting traded on Friday. Post opening the session at $73.41, the shares hit an intraday low of $72.06 and an intraday high of $73.965 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.

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 Company’s 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 Company’s AeroTech businesses include mobile equipment fixed equipment and airport services.

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