Keeley Teton Advisors LLC Trims Holdings in John Bean Technologies Corporation (JBT)

Keeley Teton Advisors LLC lessened its holdings in shares of John Bean Technologies Corporation (NYSE:JBT) by 17.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 396,910 shares of the industrial products company’s stock after selling 83,601 shares during the quarter. John Bean Technologies comprises approximately 2.2% of Keeley Teton Advisors LLC’s holdings, making the stock its 3rd largest position. Keeley Teton Advisors LLC owned approximately 1.26% of John Bean Technologies worth $40,128,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JBT. Oppenheimer Asset Management Inc. lifted its holdings in shares of John Bean Technologies by 67.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,152 shares of the industrial products company’s stock valued at $113,000 after buying an additional 466 shares during the period. Advisor Group Inc. raised its position in shares of John Bean Technologies by 27.4% during the second quarter. Advisor Group Inc. now owns 1,381 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 297 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of John Bean Technologies by 9.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,330 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 114 shares during the period. D.A. Davidson & CO. raised its position in shares of John Bean Technologies by 1.2% during the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 19 shares during the period. Finally, US Bancorp DE raised its position in shares of John Bean Technologies by 7.6% during the second quarter. US Bancorp DE now owns 1,830 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 130 shares during the period. Institutional investors own 99.26% of the company’s stock.

Several research firms recently weighed in on JBT. Zacks Investment Research raised John Bean Technologies from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Tuesday, November 28th. Robert W. Baird upped their price target on John Bean Technologies from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $105.57.

John Bean Technologies Corporation (NYSE JBT) traded down $2.50 during trading hours on Wednesday, reaching $114.55. The company had a trading volume of 121,500 shares, compared to its average volume of 177,510. The firm has a market capitalization of $3,695.00, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 2.35 and a beta of 1.35. John Bean Technologies Corporation has a 52-week low of $80.70 and a 52-week high of $120.55. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.91.

John Bean Technologies (NYSE:JBT) last posted its quarterly earnings results on Monday, October 23rd. The industrial products company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $420.80 million for the quarter, compared to analyst estimates of $414.17 million. John Bean Technologies had a return on equity of 25.51% and a net margin of 5.41%. John Bean Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. sell-side analysts anticipate that John Bean Technologies Corporation will post 3.06 earnings per share for the current year.

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John Bean Technologies Company Profile

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 (NYSE:JBT)

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