Spark Investment Management LLC Holds Position in John Bean Technologies Corporation (JBT)

Spark Investment Management LLC maintained its stake in shares of John Bean Technologies Corporation (NYSE:JBT) during the second quarter, Holdings Channel reports. The fund owned 12,800 shares of the industrial products company’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in John Bean Technologies Corporation were worth $1,254,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Glen Harbor Capital Management LLC boosted its stake in shares of John Bean Technologies Corporation by 4.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,144 shares of the industrial products company’s stock valued at $101,000 after buying an additional 44 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of John Bean Technologies Corporation by 62.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,216 shares of the industrial products company’s stock valued at $107,000 after buying an additional 467 shares during the last quarter. Elkfork Partners LLC boosted its stake in shares of John Bean Technologies Corporation by 4.0% in the first quarter. Elkfork Partners LLC now owns 1,456 shares of the industrial products company’s stock valued at $128,000 after buying an additional 56 shares during the last quarter. US Bancorp DE boosted its stake in shares of John Bean Technologies Corporation by 78.4% in the first quarter. US Bancorp DE now owns 1,700 shares of the industrial products company’s stock valued at $150,000 after buying an additional 747 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of John Bean Technologies Corporation by 144.4% in the first quarter. Fifth Third Bancorp now owns 1,745 shares of the industrial products company’s stock valued at $153,000 after buying an additional 1,031 shares during the last quarter. 99.25% of the stock is currently owned by hedge funds and other institutional investors.

John Bean Technologies Corporation (NYSE JBT) opened at 89.50 on Thursday. The company has a market cap of $2.83 billion, a PE ratio of 34.66 and a beta of 1.32. John Bean Technologies Corporation has a 12-month low of $64.28 and a 12-month high of $99.20. The firm has a 50 day moving average price of $93.08 and a 200 day moving average price of $89.00.

John Bean Technologies Corporation (NYSE:JBT) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.07. The company had revenue of $386.10 million for the quarter, compared to analyst estimates of $381.49 million. John Bean Technologies Corporation had a net margin of 5.32% and a return on equity of 29.18%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. On average, analysts anticipate that John Bean Technologies Corporation will post $3.03 earnings per share for the current fiscal year.

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Several equities research analysts recently commented on the company. BidaskClub cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research cut John Bean Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Bank of America Corporation assumed coverage on John Bean Technologies Corporation in a report on Thursday, May 18th. They set a “neutral” rating and a $89.00 target price on the stock. J P Morgan Chase & Co assumed coverage on John Bean Technologies Corporation in a report on Friday, June 2nd. They set a “neutral” rating and a $88.00 target price on the stock. Finally, CL King raised John Bean Technologies Corporation from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $99.86.

About John Bean Technologies Corporation

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

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

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