John Bean Technologies Corp (JBT) : Channing Capital Management added new position in John Bean Technologies Corp during the most recent quarter end. The investment management firm now holds 533,450 shares of John Bean Technologies Corp which is valued at $35,533,105 , the company said in a statement filed on Aug 1, 2016 with the SEC.John Bean Technologies Corp makes up approximately 1.43% of Channing Capital Management’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in JBT by selling 900 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 61,193 shares of JBT which is valued at $4,076,066. John Bean Technologies Corp makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Rs Investment Management Co reduced its stake in JBT by selling 337,691 shares or 37.36% in the most recent quarter. The Hedge Fund company now holds 566,233 shares of JBT which is valued at $37,982,910. John Bean Technologies Corp makes up approx 0.37% of Rs Investment Management Co’s portfolio. Parametrica Management Ltd added JBT to its portfolio by purchasing 6,760 company shares during the most recent quarter which is valued at $455,489. John Bean Technologies Corp makes up approx 0.65% of Parametrica Management Ltd’s portfolio. Kanaly Trust Co sold out all of its stake in JBT during the most recent quarter. The investment firm sold 72 shares of JBT which is valued $4,851.Capstone Asset Management Co boosted its stake in JBT in the latest quarter, The investment management firm added 1,070 additional shares and now holds a total of 11,045 shares of John Bean Technologies Corp which is valued at $713,728. John Bean Technologies Corp makes up approx 0.02% of Capstone Asset Management Co’s portfolio.
John Bean Technologies Corp closed down -0.59 points or -0.89% at $66.02 with 1,08,663 shares getting traded on Thursday. Post opening the session at $66.66, the shares hit an intraday low of $62.92 and an intraday high of $67.5336 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, John Bean Technologies Corp reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.29. The company had revenue of $267.10 million for the quarter, compared to analysts expectations of $265.03 million. The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on John Bean Technologies Corp. John Bean Technologies Corp was Initiated by BB&T Capital Mkts to “Buy” on Jun 17, 2016.
John Bean Technologies Corporation (JBT) is a global technology solutions provider for the food processing and air transportation industries. The Company designs manufactures tests and services technological systems and products. The Company operates in two segments: JBT FoodTech and JBT AeroTech. JBT FoodTech is a supplier of customized industrial solutions and services used in the food processing industry. The product offerings of the Companys FoodTech businesses include protein processing equipment liquid foods processing equipment and automated systems. JBT AeroTech supplies customized solutions and services used for applications in the air transportation industry including airport authorities airlines airfreight and ground handling companies and the military. The product offerings of the Companys AeroTech businesses include mobile equipment fixed equipment and airport services.