Arbor Capital Management Lowers stake in John Bean Technologies Corp (JBT)

John Bean Technologies Corp (JBT) : Arbor Capital Management reduced its stake in John Bean Technologies Corp by 28.96% during the most recent quarter end. The investment management company now holds a total of 83,109 shares of John Bean Technologies Corp which is valued at $5,558,330 after selling 33,877 shares in John Bean Technologies Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.John Bean Technologies Corp makes up approximately 2.78% of Arbor Capital Management’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in JBT in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 6,380 shares of John Bean Technologies Corp which is valued at $426,694. John Bean Technologies Corp makes up approx 0.02% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Spark Investment Management reduced its stake in JBT by selling 15,100 shares or 66.52% in the most recent quarter. The Hedge Fund company now holds 7,600 shares of JBT which is valued at $508,288. John Bean Technologies Corp makes up approx 0.04% of Spark Investment Management’s portfolio.First Mercantile Trust Co boosted its stake in JBT in the latest quarter, The investment management firm added 7,100 additional shares and now holds a total of 8,200 shares of John Bean Technologies Corp which is valued at $548,416. John Bean Technologies Corp makes up approx 0.06% of First Mercantile Trust Co’s portfolio.Forward Management reduced its stake in JBT by selling 2,646 shares or 10.27% in the most recent quarter. The Hedge Fund company now holds 23,111 shares of JBT which is valued at $1,539,424. John Bean Technologies Corp makes up approx 0.12% of Forward Management’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.

John Bean Technologies Corp opened for trading at $68.88 and hit $69.09 on the upside on Thursday, eventually ending the session at $69.06, with a gain of 0.55% or 0.38 points. The heightened volatility saw the trading volume jump to 76,847 shares. Company has a market cap of $2,013 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 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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