Copper Rock Capital Partners Lowers stake in John Bean Technologies Corp (JBT)

John Bean Technologies Corp (JBT) : Copper Rock Capital Partners reduced its stake in John Bean Technologies Corp by 0.48% during the most recent quarter end. The investment management company now holds a total of 461,611 shares of John Bean Technologies Corp which is valued at $25.2 Million after selling 2,247 shares in John Bean Technologies Corp according to a report filed by the company on Apr 5, 2016 with the SEC.John Bean Technologies Corp makes up approximately 2.21% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, John Bean Technologies Corp reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.62. The company had revenue of $354.40 million for the quarter, compared to analysts expectations of $333.70 million. The company’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

John Bean Technologies Corp closed down -0.87 points or -1.57% at $54.58 with 3,07,334 shares getting traded on Monday. Post opening the session at $55.6, the shares hit an intraday low of $54.105 and an intraday high of $55.845 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Leave a Reply

John Bean Technologies Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on John Bean Technologies Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.