47,976 Shares in John Bean Technologies Corporation (JBT) Acquired by Nicholas Investment Partners LP

Nicholas Investment Partners LP purchased a new position in shares of John Bean Technologies Corporation (NYSE:JBT) during the fourth quarter, Holdings Channel reports. The fund purchased 47,976 shares of the company’s stock, valued at approximately $4,122,000. Nicholas Investment Partners LP owned approximately 0.16% of John Bean Technologies Corporation as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBT. State Street Corp boosted its position in shares of John Bean Technologies Corporation by 5.8% in the fourth quarter. State Street Corp now owns 637,310 shares of the company’s stock worth $54,774,000 after buying an additional 34,960 shares in the last quarter. Comerica Bank boosted its position in shares of John Bean Technologies Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 31,028 shares of the company’s stock worth $2,645,000 after buying an additional 1,672 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of John Bean Technologies Corporation during the fourth quarter worth approximately $4,648,000. First Bank & Trust purchased a new position in shares of John Bean Technologies Corporation during the fourth quarter worth approximately $317,000. Finally, Citadel Advisors LLC purchased a new position in shares of John Bean Technologies Corporation during the third quarter worth approximately $364,000. 97.86% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for John Bean Technologies Corporation (NYSE:JBT)

Shares of John Bean Technologies Corporation (NYSE:JBT) traded down 0.29% during trading on Wednesday, reaching $86.40. The company’s stock had a trading volume of 26,981 shares. The company has a 50 day moving average of $85.61 and a 200 day moving average of $78.09. The company has a market cap of $2.52 billion, a PE ratio of 39.33 and a beta of 1.34. John Bean Technologies Corporation has a 12-month low of $42.76 and a 12-month high of $93.55.

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A number of analysts recently issued reports on the company. Zacks Investment Research cut John Bean Technologies Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 27th. Sidoti cut John Bean Technologies Corporation from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Thursday, December 1st.

John Bean Technologies Corporation Company Profile

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food processing and air transportation industries. The Company designs, manufactures, tests and services technological systems and products. It operates through two segments. The JBT FoodTech segment designs, manufactures services and food processing systems used for fruit juice production, frozen food production, in-container food production and convenience food preparation, among others by the food industry.

5 Day Chart for NYSE:JBT

Want to see what other hedge funds are holding JBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for John Bean Technologies Corporation (NYSE:JBT).

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