John Bean Technologies Corporation (JBT) Shares Sold by United Services Automobile Association

United Services Automobile Association decreased its stake in John Bean Technologies Corporation (NYSE:JBT) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,100 shares of the industrial products company’s stock after selling 818 shares during the period. United Services Automobile Association’s holdings in John Bean Technologies Corporation were worth $976,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Glen Harbor Capital Management LLC increased 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 period. Elkfork Partners LLC increased 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 period. Meadow Creek Investment Management LLC increased its stake in shares of John Bean Technologies Corporation by 4.0% in the first quarter. Meadow Creek Investment Management LLC now owns 1,768 shares of the industrial products company’s stock valued at $156,000 after buying an additional 68 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of John Bean Technologies Corporation by 4.8% in the first quarter. Ameritas Investment Partners Inc. now owns 2,636 shares of the industrial products company’s stock valued at $232,000 after buying an additional 120 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of John Bean Technologies Corporation by 1.8% in the first quarter. Bank of Montreal Can now owns 10,309 shares of the industrial products company’s stock valued at $907,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors own 99.25% of the company’s stock.

John Bean Technologies Corporation (JBT) traded down 0.53% during trading on Monday, reaching $93.25. 98,802 shares of the company’s stock were exchanged. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 34.91 and a beta of 1.34. John Bean Technologies Corporation has a 12 month low of $62.92 and a 12 month high of $99.20. The firm’s 50-day moving average price is $92.19 and its 200-day moving average price is $88.26.

John Bean Technologies Corporation (NYSE:JBT) last announced its earnings results on Tuesday, April 25th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. John Bean Technologies Corporation had a return on equity of 38.32% and a net margin of 5.60%. The firm had revenue of $344.50 million during the quarter, compared to analyst estimates of $314.69 million. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 29.0% compared to the same quarter last year. On average, equities research analysts anticipate that John Bean Technologies Corporation will post $3.02 EPS for the current year.

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Several analysts have commented on the stock. BidaskClub upgraded shares of John Bean Technologies Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Bank of America Corporation started coverage on shares of John Bean Technologies Corporation in a report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 price objective on the stock. CL King upgraded shares of John Bean Technologies Corporation from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Wednesday, April 12th. Zacks Investment Research downgraded shares of John Bean Technologies Corporation from a “strong-buy” rating to a “sell” rating in a report on Wednesday, May 3rd. Finally, J P Morgan Chase & Co began coverage on shares of 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. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target 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.

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

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