John Bean Technologies Corp (JBT) : Pier Capital scooped up 42,754 additional shares in John Bean Technologies Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 84,992 shares of John Bean Technologies Corp which is valued at $7,126,579.John Bean Technologies Corp makes up approximately 1.27% of Pier Capital’s portfolio.
Other Hedge Funds, Including , Pictet Asset Management Ltd sold out all of its stake in JBT during the most recent quarter. The investment firm sold 145,070 shares of JBT which is valued $12,164,120.D L Carlson Investment Group Inc reduced its stake in JBT by selling 3,915 shares or 5.54% in the most recent quarter. The Hedge Fund company now holds 66,720 shares of JBT which is valued at $5,324,256. John Bean Technologies Corp makes up approx 1.91% of D L Carlson Investment Group Inc’s portfolio.Blackrock Investment Management boosted its stake in JBT in the latest quarter, The investment management firm added 963 additional shares and now holds a total of 122,036 shares of John Bean Technologies Corp which is valued at $9,738,473. John Bean Technologies Corp makes up approx 0.01% of Blackrock Investment Management’s portfolio.Td Asset Management Inc boosted its stake in JBT in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 28,200 shares of John Bean Technologies Corp which is valued at $2,186,910.
John Bean Technologies Corp opened for trading at $86.5 and hit $86.75 on the upside on Monday, eventually ending the session at $86.65, with a gain of 0.41% or 0.35 points. The heightened volatility saw the trading volume jump to 1,40,710 shares. Company has a market cap of $2,526 M.
On the company’s financial health, John Bean Technologies Corp reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.57. The company had revenue of $349.60 million for the quarter, compared to analysts expectations of $313.32 million. The company’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
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.