Bremer Trust National Association Sells 348 Shares of John Bean Technologies Corp (JBT)

Bremer Trust National Association cut its position in John Bean Technologies Corp (NYSE:JBT) by 6.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,753 shares of the company’s stock after selling 348 shares during the period. Bremer Trust National Association’s holdings in John Bean Technologies Corp were worth $418,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JBT. Meeder Asset Management Inc. boosted its position in shares of 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 worth $152,000 after buying an additional 1,963 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of John Bean Technologies Corp by 13.8% in the third quarter. Nationwide Fund Advisors now owns 180,395 shares of the company’s stock worth $12,727,000 after buying an additional 21,890 shares in the last quarter. Lebenthal Lisanti Capital Growth LLC boosted its position in shares of 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 worth $1,276,000 after buying an additional 775 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in shares of John Bean Technologies Corp during the third quarter worth about $257,000. Finally, Wells Fargo & Company MN boosted its position in shares of John Bean Technologies Corp by 20.1% in the third quarter. Wells Fargo & Company MN now owns 1,784,278 shares of the company’s stock worth $125,880,000 after buying an additional 298,559 shares in the last quarter. 97.86% of the stock is currently owned by hedge funds and other institutional investors.

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

John Bean Technologies Corp (NYSE:JBT) traded down 0.52% during midday trading on Thursday, hitting $85.90. The stock had a trading volume of 75,521 shares. The stock’s 50 day moving average price is $87.32 and its 200-day moving average price is $83.64. The company has a market cap of $2.52 billion, a PE ratio of 37.89 and a beta of 1.34. John Bean Technologies Corp has a 52 week low of $51.20 and a 52 week high of $93.55.

John Bean Technologies Corp (NYSE:JBT) last posted its quarterly earnings data on Monday, February 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.18. John Bean Technologies Corp had a net margin of 5.04% and a return on equity of 48.82%. The company had revenue of $405 million for the quarter, compared to the consensus estimate of $386.51 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. Equities research analysts predict that John Bean Technologies Corp will post $3.06 earnings per share for the current year.

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A number of equities research analysts have recently weighed in on JBT shares. Zacks Investment Research cut John Bean Technologies Corp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 27th. Sidoti raised John Bean Technologies Corp from a “neutral” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, February 28th. Wells Fargo & Co started coverage on John Bean Technologies Corp in a report on Monday, March 13th. They set an “outperform” rating on the stock. Robert W. Baird started coverage on John Bean Technologies Corp in a report on Monday, March 13th. They set an “outperform” rating and a $101.00 price target on the stock. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $105.00 price target on shares of John Bean Technologies Corp in a report on Monday. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $95.29.

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.

5 Day Chart for NYSE:JBT

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