John Bean Technologies Corp (JBT) : Mesirow Financial Investment Management – Equity Management added new position in John Bean Technologies Corp during the most recent quarter end. The investment management firm now holds 360,722 shares of John Bean Technologies Corp which is valued at $24,431,701 , the company said in a statement filed on Aug 8, 2016 with the SEC.John Bean Technologies Corp makes up approximately 1.39% of Mesirow Financial Investment Management – Equity Management’s portfolio.
Other Hedge Funds, Including , Royce Associates Lp reduced its stake in JBT by selling 101,400 shares or 16.73% in the most recent quarter. The Hedge Fund company now holds 504,809 shares of JBT which is valued at $34,190,714. John Bean Technologies Corp makes up approx 0.21% of Royce Associates Lp’s portfolio.Columbus Circle Investors boosted its stake in JBT in the latest quarter, The investment management firm added 282,738 additional shares and now holds a total of 394,884 shares of John Bean Technologies Corp which is valued at $26,303,223. John Bean Technologies Corp makes up approx 0.25% of Columbus Circle Investors’s portfolio.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.Eagle Asset Management Inc reduced its stake in JBT by selling 54,018 shares or 48.21% in the most recent quarter. The Hedge Fund company now holds 58,033 shares of JBT which is valued at $3,837,722. John Bean Technologies Corp makes up approx 0.03% of Eagle Asset Management Inc’s portfolio.
John Bean Technologies Corp opened for trading at $67.72 and hit $68.13 on the upside on Monday, eventually ending the session at $68.05, with a gain of 1.75% or 1.17 points. The heightened volatility saw the trading volume jump to 91,197 shares. Company has a market cap of $1,984 M.
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.