Trading Report: Today, John Bean Technologies Corp. (JBT) Stake Held by Virginia Retirement Systems ET AL

Today, John Bean Technologies Corp. (JBT) Stake Held by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL maintained its position in John Bean Technologies Corp. (NYSE:JBT) during the third quarter, Holdings Channel reports. The fund owned 3,700 shares of the company’s stock at the end of the third quarter. Virginia Retirement Systems ET AL’s holdings in John Bean Technologies Corp. were worth $261,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in JBT. Chicago Equity Partners LLC purchased a new position in John Bean Technologies Corp. during the third quarter valued at approximately $257,000. Great West Life Assurance Co. Can raised its position in John Bean Technologies Corp. by 3.4% in the third quarter. Great West Life Assurance Co. Can now owns 39,726 shares of the company’s stock valued at $2,802,000 after buying an additional 1,299 shares in the last quarter. Lebenthal Lisanti Capital Growth LLC raised its position in John Bean Technologies Corp. by 4.5% in the third quarter. Lebenthal Lisanti Capital Growth LLC now owns 18,085 shares of the company’s stock valued at $1,276,000 after buying an additional 775 shares in the last quarter. Nationwide Fund Advisors raised its position in John Bean Technologies Corp. by 13.8% in the third quarter. Nationwide Fund Advisors now owns 180,395 shares of the company’s stock valued at $12,727,000 after buying an additional 21,890 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in John Bean Technologies Corp. by 1,033.2% in the third quarter. Meeder Asset Management Inc. now owns 2,153 shares of the company’s stock valued at $152,000 after buying an additional 1,963 shares in the last quarter. 98.36% of the stock is currently owned by hedge funds and other institutional investors.

John Bean Technologies Corp. (NYSE:JBT) traded up 1.05% during midday trading on Friday, hitting $91.70. 46,614 shares of the stock were exchanged. The company’s 50 day moving average is $79.20 and its 200 day moving average is $68.46. The company has a market capitalization of $2.67 billion, a P/E ratio of 41.74 and a beta of 1.32. John Bean Technologies Corp. has a 1-year low of $41.35 and a 1-year high of $91.85.

John Bean Technologies Corp. (NYSE:JBT) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.12. The company had revenue of $349.60 million for the quarter, compared to the consensus estimate of $260 million. John Bean Technologies Corp. had a net margin of 5.04% and a return on equity of 48.82%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Analysts predict that John Bean Technologies Corp. will post $2.37 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised shares of John Bean Technologies Corp. from a “hold” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a report on Tuesday, November 1st.

In related news, VP Mark K. Montague sold 2,500 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $78.87, for a total value of $197,175.00. Following the transaction, the vice president now directly owns 25,116 shares of the company’s stock, valued at approximately $1,980,898.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark K. Montague sold 5,000 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $77.80, for a total transaction of $389,000.00. Following the completion of the transaction, the vice president now directly owns 30,116 shares in the company, valued at $2,343,024.80. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by corporate insiders.

John Bean Technologies Corp. 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.

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