D L Carlson Investment Group Inc Lowers stake in John Bean Technologies Corp (JBT)

John Bean Technologies Corp (JBT) : D L Carlson Investment Group Inc reduced its stake in John Bean Technologies Corp by 6.96% during the most recent quarter end. The investment management company now holds a total of 70,635 shares of John Bean Technologies Corp which is valued at $4,724,069 after selling 5,285 shares in John Bean Technologies Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.John Bean Technologies Corp makes up approximately 1.62% of D L Carlson Investment Group Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in JBT in the latest quarter, The investment management firm added 7,261 additional shares and now holds a total of 121,073 shares of John Bean Technologies Corp which is valued at $8,097,362. John Bean Technologies Corp makes up approx 0.01% of Blackrock Investment Management’s portfolio.Teacher Retirement System Of Texas boosted its stake in JBT in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 4,065 shares of John Bean Technologies Corp which is valued at $270,241. Capital Fund Management S.a. added JBT to its portfolio by purchasing 3,400 company shares during the most recent quarter which is valued at $228,072.Ls Investment Advisors boosted its stake in JBT in the latest quarter, The investment management firm added 39 additional shares and now holds a total of 1,072 shares of John Bean Technologies Corp which is valued at $72,231.Cutler Group Lp reduced its stake in JBT by selling 111 shares or 20.98% in the most recent quarter. The Hedge Fund company now holds 418 shares of JBT which is valued at $27,011.

John Bean Technologies Corp opened for trading at $68.08 and hit $68.7199 on the upside on Friday, eventually ending the session at $68.54, with a gain of 0.50% or 0.34 points. The heightened volatility saw the trading volume jump to 1,06,365 shares. Company has a market cap of $1,998 M.

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 Company’s 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 Company’s AeroTech businesses include mobile equipment fixed equipment and airport services.

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